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Q : The partnership sells the property john contributed five 5....

Accounting Basics :

question - john contributes property with a basis of 20000 and a value of 40000 to a three person partnership in return

Q : The land is encumbered by a recourse mortgage of 20000....

Accounting Basics :

question - tom and jerry decide to start a limited partnership with tom being the general partner and jerry being the

Q : Sally contributes a television from her home to a newly....

Accounting Basics :

question - sally contributes a television from her home to a newly formed accounting partnership sallys basis is 3000

Q : If the net income for the period totals 14000 and the....

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question - the beginning capital of the business totals 4000 if the net income for the period totals 14000 and the

Q : Wilton has received no payments from either school as of....

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question - wilton sells softball equipment on november 14 they shipped 4300 worth of softball uniforms to paola middle

Q : Martinez returns merchandise worth 1500 to blue on january....

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question - on january 15 blue spruce corp sells merchandise on account to martinez associates for 6100 with terms 210

Q : Calculate the total cost for order sizes of 25 40 60 and....

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question - ge aircraft engines uses 1200 units of a certain spare part that costs 2500 for each order with an annual

Q : Acme paid its suppliers outsource manufacturers 380 of....

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question - acme paid its suppliers outsource manufacturers 380 of acmes accounts owed to the suppliers 100 was paid for

Q : Suppose your company sells services of 240 in exchange for....

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question - suppose your company sells services of 240 in exchange for 165 cash and 75 on account depreciation of 95

Q : Prepare a schedule which shows the expected net income....

Accounting Basics :

question - the board of directors of finley corporation is considering two plans for financing the purchase of new

Q : The total charges to the job-cost record for job 196 were....

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question - job 196 was charged 41000 for direct materials and 38000 for direct labor the total charges to the job-cost

Q : The materials cost including travel and other direct costs....

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question - a small consulting firm has an overhead rate of 150 of direct labor charged to each job the materials cost

Q : Interest is paid semiannually what was the straight-line....

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question - on january 1 a company issued 6 15-year bonds with a face amount of 60 million for 49624854 to yield 8

Q : How would you enter opening balances into quickbooks what....

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question - in any accounting software there is a need to set up the company and the company file quickbooks is no

Q : Analyze the effects of the global disaster on the financial....

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question - financial report for this part of the assessment you will prepare a financial report in response to a

Q : The company repurchased stock per agreements with early....

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question - the company repurchased stock per agreements with early stage investors for 290 the stock was not canceled

Q : Samantha exchanges a truck used in her business with....

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question - samantha exchanges a truck used in her business with phyllis for another truck the basis of samanthas old

Q : Assuming a right of set-off exists why would amber ltd want....

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question - amber ltd has the following statement of financial positionstatement of financial position before

Q : What total amount should be credited to additional paid-in....

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question - in 2006 berger inc issued for 103 per share 60000 shares of 100 par value convertible preferred stock one

Q : At the end of the year lisa had 146 units in ending....

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question - lisa company had 182 units in beginning inventory at a total cost of 20930 the company purchased 364 units

Q : The employer also supplies him with uniforms for work....

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question - walter works busy season at abbys bed and breakfast his employer requires him to live in a spare room so

Q : Bartels produced 10000 units and used 21040 hours of direct....

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question -1 hassock corp produces woven wall hangings it takes 2 hours of direct labor to produce a single wall hanging

Q : It would cost them a total of 700 per month to make that....

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question - arlo company makes bulk quantities of cleaning fluids they currently sell 1000 containers a month at a price

Q : The related deferred tax liability at the beginning of the....

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question - novotna incs only temporary difference at the beginning and end of 2013 is caused by a 4998000 deferred gain

Q : The first year 12000 units were produced the second year....

Accounting Basics :

questions -1 assume an asset purchased on january 1 20-- costs 5000 has an expected life of five years and has an