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April 25, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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EMS
mention and define any five concepts for each of the following subject,accounting;economics and business studies?
Thursday, March 7, 2013 at 9:18am

accounting
Acme Corporation issued $650,000, 8%, bonds for $720,000. Was the market rate on the date of issue higher than, lower than, or equal to the stated rate of interest?
Tuesday, March 5, 2013 at 5:41pm

accounting
Acme Corporation issued $650,000, 8%, bonds for $720,000. Was the market rate on the date of issue higher than, lower than, or equal to the stated rate of interest?
Tuesday, March 5, 2013 at 5:21pm

corporate finance
1. Which of the following is NOT correct for a firm with seasonal sales and customers who all pay promptly at the end of 30 days? a. DSO will vary from month to month. b. The quarterly uncollected balances schedule will be the same in each quarter. c. The level of accounts ...
Monday, March 4, 2013 at 11:40am

accounting
A customer requests a loan advance of $300 with an annual interest rate of 22%. What is the dollar amount of the interest for the entire year?
Monday, March 4, 2013 at 3:04am

account
what is error of accounting principel
Saturday, March 2, 2013 at 7:28am

accounting
On each December 31, you plan to transfer $2,000 from your checking account into a savings account.The savings account will earn 9 percent annual interest, which will be added to the savings account balance at each year-end. The first deposit will be made December 31, 2010 ...
Thursday, February 28, 2013 at 4:44pm

Accounting
Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 50 units @ $50/unit Mar. 5 Purchase 200 units @ $55/unit Mar. 9 Sales 210 units @ $85/unit Mar. 18 Purchase 60 units @ $60/unit Mar. 25 Purchase 100 units @ $62/unit Mar. 29 Sales 80 units...
Monday, February 25, 2013 at 2:37pm

accounting
1-On May 1, 2012, Pinkley Company sells office furniture for $150,000 cash. The office furniture originally cost $375,000 when purchased on January 1, 2005. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $37,500. What depreciation ...
Monday, February 25, 2013 at 12:26pm

Introduction to Accounting
Payment of a telephone bill represents an increase in a/an: A. Asset B. Expense C. Liability D. Revenue My answer:B. I'm I correct?
Sunday, February 24, 2013 at 2:00pm

accounting
Write a 3-4 Page Paper That Summarizes Your Findings From The Four Scenarios As Well As How Using Microsoft Excel Helped You With This Process
Thursday, February 21, 2013 at 6:58pm

Managerial Accounting
Why is the salary of a production worker capitalized while the salary of a marketing manger expensed?
Wednesday, February 20, 2013 at 10:52pm

Accounting
Dividing Partnership Income Desmond Drury and Ty Wilkins have decided to form a partnership. They have agreed that Drury is to invest $140,700 and that Wilkins is to invest $60,300. Drury is to devote full time to the business, and Wilkins is to devote one-half time. The ...
Tuesday, February 19, 2013 at 11:01pm

accounting
What is manufacturing overhead and how is it useful? How do you calculate applied manufacturing overhead?
Monday, February 18, 2013 at 2:47am

fundamental accounting principle II
How do I explain to a customer about the $6000. loss reported on the sale of its investment of common stock that the customer has 40% interest. When the 2010 income statement reported earning form all investments were $126,000. On January 2011 the company sold the investment ...
Sunday, February 17, 2013 at 7:11pm

Accounting
Hankco accepts all major bank credit cards, including Omni Bank's, which assesses a 3% charge on sales for using its card. On June 28, Hankco had $4,500 in Omni Card credit sales. What entry should Hankco make on June 28 to record the deposit? A. Debit Accounts Receivable...
Friday, February 15, 2013 at 9:03pm

accounting
In its first year of operations Tower Ltd purchased and paid for widgets costing $50,000. During that year Tower Ltd sold 60 per cent of the widgets. The widgets on hand at the end of the year cost $20,000. The sales were on credit terms. Tower Ltd received $37,000 in cash ...
Tuesday, February 12, 2013 at 6:25am

Accounting
What affect can the incorrect (intentional or unintentional) posting, journalizing, and reporting of financial data have on a company, an accountant, or a company's stakeholders?
Monday, February 11, 2013 at 6:15pm

accounting
Suppose that two years after the bonds were issued, the required interest rate fell to 7 percent. What would be the bonds’ value?
Monday, February 11, 2013 at 12:39pm

accounting
I need help, do not want the answer just stuck on how to solve this one. Here is the problem Elkins Company sold $2,500,000, 8%, 10-year bonds on July 1, 2011. The bonds were dated July 1, 2011, and pay interest July 1 and January 1. Elkins Company uses the straight-line ...
Sunday, February 10, 2013 at 5:59pm

accounting
Mikayla, chief financial officer of Napoli Chocolate Company, adopts religious ethical standards. These involve an element of
Saturday, February 9, 2013 at 8:58pm

accounting
Which of the following statements is incorrect? a. The normal balance of accounts receivable is a debit. b. The normal balance of an expense account is a credit. c. The normal balance of the owner's capital account is a credit. d. The normal balance of unearned revenues is...
Friday, February 8, 2013 at 7:47pm

accounting
what is the future value of $500 invested at 8 percent for one year?
Friday, February 8, 2013 at 5:08pm

Accounting
An index fund is autu fund that My answer is invest s only uncertain kinds of stock, such as those related to transportation
Thursday, February 7, 2013 at 7:21pm

Accounting
The business was started on April 1st. I have the following events that happened: what accounts should I debit and credit? 1. Incurred advertising expense of $1,907 on account. 2. Hired park manager at a salary of $3,783 per month, effective May 1. 3. Sold 140 coupon books for...
Wednesday, February 6, 2013 at 3:26pm

Accounting
The business was started on April 1st. I have the following events that happened: what accounts should I debit and credit? 1. Incurred advertising expense of $1,907 on account. 2. Hired park manager at a salary of $3,783 per month, effective May 1. 3. Sold 140 coupon books for...
Tuesday, February 5, 2013 at 11:43pm

Accounting
What is "loss of lawsuit" categorized as? Current/non-current assets, current/non-current liabilities, owners' equity, expenses or revenues?
Tuesday, February 5, 2013 at 1:18pm

Accounting
Holly County needs a new county government building that would cost $24 million. The politicians feel that voters will not approve a municipal bond issue to fund the building since it would increase taxes. They opt to have a state bank issue $24 million of tax-exempt ...
Thursday, January 31, 2013 at 12:01pm

ACCOUNTING
Gardner Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid on each unit sold. Variable manufacturing costs are $60 per unit. Fixed manufacturing costs are $20 per unit based on the current level of activity, ...
Monday, January 28, 2013 at 4:36pm

ACCOUNTING (Advance Sales)
Hi: I am unsure of how to adjust Advance Sales. For Year End, DEC 31, 2011. If my Unadjusted Balance for advance sales is $324,000 and I am told the following: 75% of the balance in Advance Sales is for garments to be made and delivered in 2012; the remaining 25% is from sales...
Sunday, January 27, 2013 at 8:00pm

Accounting
Hello, I’m having a difficult time understanding how to adjust the following unadjusted accounts: A/R ……………… ​3;………………..​480,000 Accum. Depr, building………116,000 Accum. Depr, ...
Sunday, January 27, 2013 at 7:30pm

Economics
a firm in a purely competitive industry is currently producing a 1000 unir per day at a total cost of $450. if the firm produced 800 units per day, it total cost will be $300, and it it produced 500 units per day, it total cost will be $275. Requirements: (1) what are the firm...
Sunday, January 27, 2013 at 5:14pm

science
The XYZ Company makes widgets and sells to a market that is just about to expand after a period of stability. As the year starts, the widgets are manufactured at a cost of $0.75 and sold at a market price of $1.00. In addition, the firm has 1,000 widgets in finished goods ...
Sunday, January 27, 2013 at 2:56pm

accounting
What is the value of the following future amount? a)RM800 to be received 10 years from now discounted back to present at 10%.
Sunday, January 27, 2013 at 7:08am

accounting
What is the present value of RM6, 500 to be received 10 years from today if our discount rate is 10%?
Sunday, January 27, 2013 at 7:06am

accounting
Adam place RM2, 000 in a saving account paying 5% interest compounded annually, how much will Adam account accrue to in a)10 years b)15 years
Sunday, January 27, 2013 at 6:54am

accounting
Can uot help me with journal entries
Saturday, January 26, 2013 at 5:46pm

ACCOUNTING
Gardner Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid on each unit sold. Variable manufacturing costs are $60 per unit. Fixed manufacturing costs are $20 per unit based on the current level of activity, ...
Saturday, January 26, 2013 at 1:00am

accounting
simple plant manufactures DNA test strips
Friday, January 25, 2013 at 5:27am

English
I need help writing a lead sentence, it has to answer the who, what, why, when and how The Director of Budget and Accounting, Patsy Moore, shared a presentation about the 2013 Capital Improvement Plan on Monday during the City Commission Meeting in Kalamazoo. Does that work, ...
Wednesday, January 23, 2013 at 11:13pm

accounting
The accounting records of NuTronics, Inc., include the following information for the year ended December 31, 2011. Dec. 31 Jan. 1 Inventory of materials $ 24,000 $ 20,000 Inventory of work in process 8,000 12,000 Inventory of finished goods 90,000 80,000 Direct materials used ...
Tuesday, January 22, 2013 at 9:24pm

accounting
The Bags and Luggage Company had the following account balances as of January 1: Direct Materials Inventory $ 8,700 Work in Process Inventory 76,500 Finished Goods Inventory 53,000 Manufacturing Overhead - 0 - During the month of January, all of the following occurred: 1. ...
Tuesday, January 22, 2013 at 9:19pm

accounting
Maria Gonzalez opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Office Equipment $6,000, Accounts Payable $3,600, and M. Gonzalez, Capital $13,700. During ...
Sunday, January 20, 2013 at 12:42am

Accounting
Can someone show me this bank reconciliation? On Aug 14th, One of our Partner's ( Compuville ) cash book showed a debit balance of $4,000.00. His bank statement showed a balance of $4,270.00. On comparison the following were found: * check issued amounting to $2,500.00 has...
Saturday, January 19, 2013 at 6:31pm

english
NOMINAL CONFISCATE CONSTITUTE DECIPHER DEFAULT HYPOTHETICAL CONCURRENT PREDOMINANT PREREQUISITE RECESSION 1-2. This summer, local children can sign up for art or music lessons for a _____ fee of $ 3.00. It’s impossible to take both, though, since the classes will be _____...
Saturday, January 19, 2013 at 3:42pm

Accounting
how do you classify what the cost to set up a manufacturing facility as? is it general, selling and administrative and what type of cost is it? Please Help.
Saturday, January 19, 2013 at 2:21pm

accounting
What is the purpose of closing all temp accounts.
Thursday, January 17, 2013 at 7:32pm

accounting
The following stockholders' equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31, 2011. Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Stated Value-Common Stock ...
Tuesday, January 15, 2013 at 11:31pm

accounting
a tabular analysis of the transactions made during august 2010 by witten company during its first month of operations is shown below each increase and decrease in stockholders' equity is explained.
Sunday, January 13, 2013 at 9:37pm

understanding and managing money
carmen santiago works for a number of business as a consultant. She has helped design accounting systems, provided accounting services and analyzed the finacial stregth of her clients' business. carmen is working as a
Thursday, January 10, 2013 at 6:46pm

accounting
Income Statement Data: This year Last year Revenue $150,000 $120,000 Cost of Goods Sold $90,000 $60,000 Operating Income $10,000 $5,000 Income Tax Expense $1,800 $500 Based on a horizontal analysis of the data, which statement correctly identifies the company's performance...
Thursday, January 10, 2013 at 5:27pm

Accounting
The Dubuque Cement Company packs 80-pound bags of concrete mix. Time-study data for the filling activity are shown in the following table. Because of the high physical demands of the job, the company's policy is a 23% allowance for workers. a) Compute the standard time for...
Wednesday, January 9, 2013 at 8:02am

Managerial accounting
[Figure 5-1]. - The receiving department of Owen has three activities: unloading, counting goods, and inspecting. Unloading requires a forklift that is leased for $15,000 per year. The forklift is used only for unloading. The fuel for the forklift is $2,000 per year. ...
Monday, January 7, 2013 at 10:31pm

Accounting
good such as milk bread and chesse would problably be costed using what method of inventory costing
Friday, January 4, 2013 at 7:46pm

Principles of accounting
Sold goods on credit at list price less 10% trade discount to: D. Prince 25,000 S. Cato 14,000 What is the trade discount amount and how much does each person pays for the goods?
Friday, January 4, 2013 at 2:16am

Accounting
Hi, When delivery eqipment is purchased on account, the transaction to be recorded by the purchaser inclues debiting: A: Delivery Equip & crediting AP B: Delivery Equip & crediting Cash C: Delivery Expense & crediting AP D: Delivery Expense & crediting Cash My answer is D. I&#...
Tuesday, January 1, 2013 at 11:14am

Accounting
statement that the difference between the opening bank balance ($30,000) and the January statement balance ($75,000) is pure profit.
Friday, December 21, 2012 at 12:05am

accounting
using the following information, calculate inventory turnover ratio, the average days in inventory, and the gross profit ratio for Howard Company for the year ended december 31, 2011( round to two decimal places) sales $225,00 Cost of goods $175,000 Ending inventory, December ...
Thursday, December 20, 2012 at 7:21pm

accounting
Georgia owns a home in Colorado that she rents for $1,200 per month that she does not use personally. While she was in Europe for Christmas, the roof in her house leaked and her tenants repaired it for $900. For the following month's rent (January), her tenants paid her $...
Thursday, December 13, 2012 at 1:54pm

accounting
On November 30, 2011, Constance purchased an apartment building for $750,000. Determine her depreciation deduction for 2011
Thursday, December 13, 2012 at 1:53pm

accounting
. Della purchased a commercial warehouse which has a 39 year life on February 25, 2011, for $350,000. $45,000 of the price was for the land. What is her depreciation deduction for 2011
Thursday, December 13, 2012 at 1:52pm

accounting
THIS IS THE SECOND PHASE OF THE TAX RETURN PROBLEM YOU BEGAN AT THE END OF CHAPTER 4. THIS PHASE OF THE TAX RETURN INCORPORATES THE MATERIAL FROM CHAPTERS 5,6,7, AND 8 BY PROVIDING YOU WITH INFORMATION CONCERNING THE SCHNAPPAUFS' DEDUCTIONS FOR 2010. THEY PROVIDE YOU WITH ...
Thursday, December 13, 2012 at 12:16am

Accounting
which of the following is true: cash flow data is superior to earnings under the accrual basis in predicting long-term performance of an entity, earnings under the accrual basis is superior to cash flow data in predicting short-term performace of an entity, earnings under the ...
Tuesday, December 11, 2012 at 12:13pm

Finance Accounting
Blankenship Company estimated that its warranty expense would be $4,250 for the current year. During the year Blankenship paid $920 to repair merchandise that was returned by customers. a) What is the amount of warranty expense for the current year? b) If this is the first ...
Tuesday, December 11, 2012 at 12:00pm

accounting
By Saturday, January 5, 2013, submit the following assignment: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ...
Sunday, December 9, 2012 at 8:34am

accounting
On March 3, a customer gives you $1800 cash for services not yet performed. At the end of the month, only $600 of services are performed. In preparing the March statement, all $1800 was listed as revenue. What errors would this cause? What principles are involved? What is the ...
Saturday, December 8, 2012 at 7:35pm

accounting
You issue a $120,000 bond at par on March 31 due in 10 years that pays 11%. You pay interest on September 30. You pay off the bond ten years later. Assume that the company makes no adjusting entries. What journal entries should be recorded to issue the bond, pay interest and ...
Saturday, December 8, 2012 at 7:34pm

accounting
The balance in the allowance for doubtful account is $30,000 credit. You write off $18,000 on a specific invoice to Bob. Later, Bob pays you $2000 on these written off invoices. At year-end, you estimate that $25,000 of invoices will not be collectible. Make all the ...
Saturday, December 8, 2012 at 7:33pm

Accounting
1. A manager is considering the following investment: Initial capital investment $180,000 Estimated useful life 3 years Estimated disposal value in 3 years 0 Estimated annual savings in cash operating costs $80,000 Minimum desired rate of return 10% The net present value of ...
Saturday, December 8, 2012 at 4:33pm

priciple of accounting
What effect does a debit memo in a bank statement have on the Cash account? What effect does a credit memo in a bank statement have on the Cash account? Ms. Sue
Thursday, December 6, 2012 at 8:34pm

Accounting
Harris company borrowed 65,000 by giving 10 year , 6% installment note to Cuba Bank The note requires annual payments of $8832 first payment occuring on the last day of the fiscal year. the first payment consists of interest of $3,900 and principal repayment of $4932, Issued ...
Thursday, December 6, 2012 at 8:13pm

accounting
is returned purchased inventory considered as claims exchange(ce)?
Thursday, December 6, 2012 at 7:14pm

ACC305 Accounting for Decision Making
I am trying to get my research paper done, but I am having some trouble find the information that I am looking for on the company Bausch & Lomb. Here are the question that I am having trouble finding information for. 1. Who within the organization has the responsibility for ...
Thursday, December 6, 2012 at 12:48pm

ACC305 Accounting for Decision Making
I am trying to get my research paper done, but I am having some trouble find the information that I am looking for on the company Bausch & Lomb. Here are the question that I am having trouble finding information for. 1. Who within the organization has the responsibility for ...
Thursday, December 6, 2012 at 1:26am

accounting
im working on an hst and journalizing assignment and theres a question that says sales invoice to b.enright for $825 plus taxes which is 13%, how would i journalize that ???
Wednesday, December 5, 2012 at 11:52pm

accounting
management anticipates fixed cost of $72,500 and variable cost equal to 40% of sales. what will pretax income equal if sales are $325,000?
Tuesday, December 4, 2012 at 12:43am

accounting
a product sells for $200.00 p/unit and its variable cost p/unit are $130 the fixed cost are $420,000. if the firm wants to earn $35,000 pretax income, how many units must be sold?
Tuesday, December 4, 2012 at 12:41am

accounting
a firm expects to sell 25000 units of its products at $11.00 p/unit. pretax income is predicted to be $60,000. if the variable cost p/unit are $5.00, total fixed cost must be?
Tuesday, December 4, 2012 at 12:37am

accounting
Assume that you are the president of Gaslight Company. At the end of the first year (December 31, 2011) of operations, the following financial data for the company are available:
Monday, December 3, 2012 at 8:36pm

accounting and taxes
I recently closed my retail business which was very small... I chose not to sell my equipment as I can still use it at home as a hobby for myself. What do I put as furniture and equipment sold on my BOE form? Do I have to buy the equipment from the business and if so how do I ...
Monday, December 3, 2012 at 3:01pm

accounting
Ihave recently closed my retail business. While operating I only expensed my items purchased for resale when they were sold. So my inventory is personally owned. What do I declare as ex-tax inventory now that my business is closed... $0?
Monday, December 3, 2012 at 2:57pm

Advanced Accounting
GAAP rules are clear about when a company needs to consolidate or not, but companies tend to find loopholes to circumvent this rule. GAAP clearly indicates that consolidated financial statements are “usually necessary for a fair presentation when one of the companies in ...
Monday, December 3, 2012 at 11:20am

Advanced Accounting
Mr. White (invested $20,000) and Mr. Black (invested $10,000) are in a partnership to run a marketing firm. They share profits and losses in the ratio of 2:1, which is also the ratio of their initial investment in the business. Mr. White manages the office but Mr. Black gets ...
Monday, December 3, 2012 at 11:19am

Advanced Accounting
Mr. Right and Mr. Wrong own an antique store in a partnership. They share profits and losses equally and receive an annual salary of $50,000, as per the partnership agreement. Mr. Right travels the country buying antiques. Mr. Wrong manages the store. From time to time, they ...
Monday, December 3, 2012 at 11:16am

accounting
On September 1, 2013, Jacob Furniture Mart enters into a tentative agreement to sell the assets of its office equipment division. This division qualifies as a component of the entity according to GAAP regarding discontinued operations. The division's contribution to Jacob...
Monday, December 3, 2012 at 6:25am

accounting
On July 1, 2013, a firm purchased a 1-year insurance policy for $6,300 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2013, is $6,300. $3,150. $3,675. $2,100. On January 2, 2014, a firm purchased ...
Sunday, December 2, 2012 at 5:24pm

Accounting
On July 1, 2013, a firm purchased a 1-year insurance policy for $6,300 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2013, is $6,300. $3,150. $3,675. $2,100. On January 2, 2014, a firm purchased ...
Sunday, December 2, 2012 at 5:21pm

ACCOUNTING
Mills Company uses standard costing for direct materials and direct labor. Management would like to use standard costing for variable and fixed overhead. The following monthly cost functions were developed for manufacturing overhead items: Overhead Item Cost Function Indirect ...
Saturday, December 1, 2012 at 1:44am

accounting
PA11-4 Comparing Stock and Cash Dividends [LO2, LO3, LO4] Ritz Company had the following stock outstanding and Retained earnings at December 31, 2010: Common stock (par $1; outstanding, 500,000 shares) $ 500,000 Preferred stock, 8% (par $10; outstanding, 21,000 shares) 210,000...
Friday, November 30, 2012 at 4:03pm

accounting
PA11-4 Comparing Stock and Cash Dividends [LO2, LO3, LO4] Ritz Company had the following stock outstanding and Retained earnings at December 31, 2010: Common stock (par $1; outstanding, 500,000 shares) $ 500,000 Preferred stock, 8% (par $10; outstanding, 21,000 shares) 210,000...
Friday, November 30, 2012 at 4:02pm

Advance Accounting
On January 1, 20X1, Parent Company acquired 80% of the common stock of Subsidiary Company for $560,000 On this. date Subsidiary had total owners' equity of $540,000, including retained earnings of $240,000. During 20X1, Subsidiary had net income of $60,000 and paid no ...
Friday, November 30, 2012 at 9:58am

math accounting
The following information was drawn from the accounting records of Kwon Company as of December 31, 2012, before the temporary accounts had been closed. The Cash balance was $4,000, and Notes Payable amounted to $2,000. The company had revenues of $6,000 and expenses of $3,500...
Thursday, November 29, 2012 at 3:08pm

account
Assume it is Monday, May 1, the first business day of the month, and you have just been hired? Assume it is Monday, May 1, the first business day of the month, and you have just been hired? Assume it is Monday, May 1, the first business day of the month, and you have just been...
Wednesday, November 28, 2012 at 7:00pm

accounting
marcum company was started in 2012 when issued a note to borrow $6,200 cash. write an accounting equation and record the effects of the borrowing transaction under the appropriate general ledger accounts heading.
Wednesday, November 28, 2012 at 6:21pm

Finance
We are considering the introduction of a new product. Currently we are in the 34% tax bracket with a 15% discount rate. This project is expected to last five years and then, because this is somewhat of a fad project, it will be terminated. The following information describes ...
Wednesday, November 28, 2012 at 6:14pm

principle of accounting
if kennedy has net income of $1,600 and then liquidates, what amount of cash will the creditors receive? what amount of cash will the investors recieve?:
Wednesday, November 28, 2012 at 5:28pm

accounting
if kennedy has net income of $1,600 and then liquidates, what amount of cash will the creditors receive? what amount of cash will the investors recieve?: .
Wednesday, November 28, 2012 at 5:27pm

Accounting
Journalize the following transactions for Tammy Company: Sept. 1 Sold $3,500 of merchandise to Jim on account Oct. 1 Exchanged Jim’s account receivable for a fourmonth, 8% note for $3,500 Dec. 31 Recorded accrued interest on Jim’s note Feb. 1 Jim paid off his note ...
Monday, November 26, 2012 at 2:25pm

Accounting
Below is a list of treatments of accounting topics. Place GAAP on the line if the treatment is GAAP-based and place IFRS on the line if the treatment is IFRS-based. A. Interest and dividend income are reported in the investing section of the cash flow statement.__________ B. ...
Monday, November 26, 2012 at 2:25pm

Accounting
Assume that in Year 1, the ending merchandise inventory is overstated by $30,000. If this is the only error in Years 1 and 2, fill in the items below, indicating which items will be understated, overstated, or correctly stated for Years 1 and 2. Item Year 1 Year 2 Ending ...
Monday, November 26, 2012 at 2:23pm

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