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hazy days pool park must replace its pool pump at a cost of 180000 the pump has a useful life of 10 years with an 8000
what are the purposes of accounting codes how are they used bring to class some examples of codes used by manufacturing
the words debit and credit are used in two ways in accounting eg to debit an account and a debit balance explain both
while mary corens was a student at the university of tennessee she borrowed 12000 in student loans at an annual
pug bern co reports net income of 70000 the income ratios are pug 60 and bern 40 indicate the division of net income to
when salaries and wages expense for the year is computed why are beginning accrued salaries and wages subtracted from
midwest enterprises made the following entry on december 31 2012 interest expense 10000 interest payable 10000 to
you have been hired as a managerial accountant by mr smith of wilson-west manufacturing a start-up company that
credit default swaps a derivative instrument described in chapter 30 allow investors to buy and sell protection against
in a revenue bond which fund has priority when funds are disbursed from the reserve fund the operation and maintenance
what is the difference between realized and realizable give an example of where the concept of realizable is used to
selane eatery operates a catering service specializing in business luncheons for large corporations selane requires
when is revenue generally recognized why has that date been chosen as the point at which to recognize the revenue
the chairman of the board of directors of the company for which you are chief accountant has told you that he has
what has been the effect of this practice on accounting what is its relation to the accrual system what influence has
explain how you would decide whether to record each of the following expenditures as an asset or an expense assume all
retrieve the samps in-chapter database in microsoft access format from the texts web site or create the tables in table
does the term last-in in the lifo method mean that the items in the inventory are assumed to be the most recent last
a manufacturer shipped merchandise to a retailer on a consignment basis if the merchandise is unsold at the end of the
you purchased an xit auto for 18000 by making a 3000 cash payment and six semi annual installment payments for the
why is the liability for warranties recognized when products are sold rather than when the warranty services are
why does a company issue a bond with detachable warrants rights at what value is each of these securities recorded at
when the effective interest rate is higher than the stated interest rate will interest expense be higher or lower than
what is the present value rounded to the nearest dollar of an annuity of 25000 per year for five years if the interest
what is the difference between gross pay and net pay which amount should a company record as wages or salaries