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1 what is the purpose of information presented in the notes to the financial statementsa to provide disclosure
green bags company manufactures cloth grocery bags to be sold to grocery stores and other retailers green bags company
alice ames has opened a cellphone store right by the local high school and business is good alice is not used to having
you suspect that one of your employees is taking kickbacks from one of your vendors you consider using surveillance
on september 30 2016 the maple credit issued 8 stated rate bonds with a face amount of 420 million the bonds mature on
on june 30 2013 arlington company issued 1900000 of 10-year 3 bonds dated june 30 for 1970000 present entries to
larkin marina has 300 available slips that rent for 1000 per season payments must be made in full at the start of the
sometimes when a company begins buying back its own shares investors will do the same investors tend to see the buy
the income statement revealsanbspnbspnbsp resources and equities of a firm at a point in timebnbspnbsp resources and
1 panda corporation paid cash of 120000 on june 1 2017 for one years rent in advance and recorded the transaction with
-bridge city consulting bought a building and the land on which it is located for 195000 cash the land is estimated to
gibbs publishing co publishes college textbooks that are sold to bookstores on the following terms each title has a
colson corp had 650000 net income in 2018 on january 1 2018 there were 210000 shares of common stock outstanding on
compute the components of pension expense for 2013compute the other comprehensive income adjustment for 2013prepare the
harris decided that the easiest way to make the fabricator division appear more profitable was through manipulating the
power top leasing signs a lease agreement on january 1 2014 to lease power equipment to manual bottoms company the term
a machine purchased three years ago for 360000 has a current book value using straight-line depreciation of 200000 its
1what does it mean when we say the owners of a firm are entitled to the residual income of a firm is this a good thing
when a customer pays in advance for a product or service such as a prepaid insurance policy the business that sold the
jason tierro an inventory clerk at lexmar company is responsible for taking a physical count of the goods on hand at
clausen corp purchased a machine for 100000 on 1114 at that time it estimated the machine would have a 5-year useful
kimball co owns 80 of the voting common stock of arlington corp during 2016 arlington had revenues of 4800000 and
1 describe the role a companys cost of capital plays in capital budgeting for both net present value npv and internal
exercise 1jim heston has been working on austin paints cash budget for the coming year based on his projections for
q1 a favorable variance indicates thata budgeted costs are less than actual costsb actual revenues exceed budgeted