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The delivery trucks of Italiana's Pizzeria incurred maintenance costs of $2,400 during its busiest month of 2014, in which 8,000 miles were driven collectively. During its slowest month, the trucks
Quality supplier inc accepts cash or credit card payment from customer. During June quality provided $ 170,000 worth of supplies to customers who used discover card to pay for their purchases.
Why is it often unclear whether the resources relating to a particular activity should be accounted for in an agency fund or a governmental fund?
Prepare journal entries in the internal service fund to record the transactions: Internal service funds are accounted for similarly to businesses.
Ned has active modified adjusted gross income before passive losses of $170,000. He has a loss of $15,999 on rental property he actively manages. How much of the loss is he allowed to take against
Hazelnut company earned net income of $95,000 during the year ended December 31, 2012. On December 15, Hazelnut declared the annual cash dividend on its 3% preferred stock and a $0.50 per share cash
On 1/1/2009, Leatherback Brewing Company issued $250,000 face value bonds with annual coupon rate of 9% to yield 8%. Proceeds of the issue were $266,987.91.
The town of Liberty approved the construction of a special oven to cook the world's largest apple pie, to be financed by 6% serial bonds. Interest is paid on Jan 1 and July 1 each year.
Stower Research issues bonds dated January 1, 2011, That pay interest semiannually on June 30 and December 31.
The market value of Lake Corporation's inventory has declined below its cost. Sheryl Conan, the controller, wants to use the loss method to write down inventory because it more clearly discloses the
How much will BKF.com's monthly profits change if they decide to outsource its email function to Mail.com instead of managing the service internally?
State College Technology Store is a retail computer store in the university center of a large mid-western university. SCTS engaged in the following transactions during November of the current year.
Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Delmott's purchases of Xpert snowboards during September.
If required, round your cost per equivalent unit amounts to two decimal places. Round all other amounts tp the nearest dollar. If an amount is zero then enter "0".
The expected pretax return on three stocks in divided between dividends and capital gains in the following way: Stock A, Expected Dividend is $0, Expected Capital Gain is $20.
The Krause Corporation acquired 80 percent of the 100,000 outstanding voting shares of Leahy, Inc., for $7.00 per share on January 1, 2012.
The cash account for Fit Bike Co. at August 1, 2014, indicated a balance of $12,190. During August, the total cash deposited was $28,100 and checks written totaled $33,010.
Prince Company's total overhead costs at various levels of activity are presented below: Month Direct Labour-Hours Total Overhead Cost September 112,800 $ 781,512 October 89,200 $ 662,568 November 1
Gemini Technologies has two product lines: lasers and integrated circuits. During the current month, the two product lines reported the following results.
The dump truck was acquired in 2007 for $70,000. and has basis of $39,650. The dump truck was acquired basis of $33,880. The insurance company reimburses Harlow $35,000. for the crane and $42,000. f
Caleb Company uses the Retail Inventory method to determine inventory cost for financial reporting purposes. They have provided you with the following information for 2014
The monthly payment on a 1,000,000 15 yr. mortgage at 6% is 8438.57 per month. How much of that 1,000,000 on day 1 is deemed to be "current portion of mortgage payable"?
Charles Inc. began using dollar-value LIFO for costing its inventory last year (base year).The ending inventory this year was $120,000 and the price index was 1.0.
On January 1, 2009, Heitzman Company purchased the following shares as a long-term investment in available-for-sale securities: Corporation Shares Percent Outstanding Cost per Share Maars 10,000 com
What is the ending invemtory using LIFO?What is the ending ending inventory using FIFO?Inventory, March 1 110 units @ $4.20