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1 accounting is sometimes described as the language of business what is meant by this
1 what do we mean when we say that accounting is a means rather than an
questionclosing entries with net incomeafter all revenue and expense accounts have been closed at the end of the fiscal
morro bay surfboards manufactures fiberglass surfboards the standard cost of direct materials and direct manufacturing
bagodonuts company bought a used delivery truck on january 1 2010 for 19200 the van was expected to remain in service 4
assume that sarazan company has a share-option plan for top management each share option represents the right to
a lo 5 wendy epstein a sales representative earns an annual salary of 29500 and receives a commission on that portion
grandview clinic has a fixed cost of 2million and an average variable cost rate of 15 per visit its sole payer an hmo
basicstandarddeluxeselling price90030003500variable cost60020001000machine hours required010050075sealings marketing
granite company purchased a machine costing 137000 terms 310 n30 the machine was shipped fob shipping point and freight
e4-16nbspwilliam mendel amp sons inc is a small manufacturing company in la jolla that uses activity-based costing
the abcd partnership has the following balance sheet at january 1 2012 prior to the admission of new partner edencash
the dana flatt corporation had sales of 2 million this past year its cogs was 12 million and its operation expenses
cash flows from operating investing and financing activities-direct method the following information is available from
16 simon age 12 generates 800 interest income and 4000 dividend income for 2015 he incurs no investment expenses his
early in a period in which sales were increasing at a modest rate and plant expansion and startup costs were occurring
skinny dippers inc produces nonfat frozen yogurt the product is sold in five-gallon containers which have the following
performance drinks llc is owned by dave n port performance drinks produces a variety of sports centered drinks they
king cpa is auditing the financial statements of cycle company a client that has receivables from customers arising
exercise 12-3 make or buy a componentnbsplo3climate-control inc manufactures a variety of heating and air-conditioning
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sutton company produces head sets for computers which it sells for 20 each the variable cost to make each head set is 6
equipment replacement and performance measuresoscar clemente is the manager of forbes division of pitt inc a