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    Accounting

    Accounting Questions

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    1. (TCO B) Adjusting Entries: Prepaid rent at 1/1/10 was $9,000. During 2010 rent payments of $110,000 were made and charged to “rent expense.” The 2010 income statement shows as a general expense the item “rent expense” in the amount of $111,000. You are to prepare the missing adjusting entry that must have been made, […]

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    Accounting

    Prepare the 2012 fiduciaryincometax return (form 1041) for the Blue Trust. In addition,

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    Prepare the 2012 fiduciary.justanswer.com/multiple-problems/864qg-need-income-tax-return-completed-prepare-2012-fiduciary.html#”>incometax return (form 1041) for the Blue Trust. In addition, determine the amount and character of the income and expense items that each beneficiary must report for 2012, and prepare a schedule K-1 for Betty Blue. Omit all alternative minimum tax computations. The 2012 activities of the trust include the following Dividend […]

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    Accounting

    Principles of Accounting 2 MCQs

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    Principles of Accounting 2 1) Issued stock is:A) Authorized shares of stock that can be sold.B) Stock only sold to another company C) Shares sold and in stockholders’ possessionD) Stock sold to stockholders. 2) In the statement of cash flows, which event would cause net income to be increased? A) A decrease in Inventory B) […]

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    Accounting

    help with question

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    Luke sold land valued at $210,000. His original basis in the land was $180,000.For the land, Luke received $60,000 in cash in the current year and a note providing$150,000 in the subsequent year. What is Luke’s recognized gain in the current andsubsequent year, respectively

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    Accounting

    Acc -3rd Ed. Ch-14 Problem

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    Ex. 7-11A Executive Officers of Dominick Company are wrestling with their budget for the next year. The following are two different sales estimates provide by two difference sources. Source of Estimate First Quarter Second Quarter Third Quarter Fourth Quarter Sales Manager $380,000 $310,000 $280,000 $480,000 Marketing Consultant 520,000 460,000 410,000 650,000 Dominick’s past experience indicates […]

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    Accounting

    Advanced Management Accounting Questions

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    Advanced Management Accounting QuestionsQuestion 1)There is a company called Walmart, and it deals with machining work that is conventional. A variety of machines are used within the company, and these machines are frequently restored and changed.George Bush is the manager of this factory, and he has given permission to acquire an automated machine from Machine […]

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    Accounting

    Penn Foster 06168900

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    To begin, review the financial statements on pages 122 and 127 of your textbook (Exhibits 3-4 through 3-7). Then, follow-ing the instructions below, complete the electronic forms provided at the end of this file. Submission instructions are given the end of this project. 1. Journalize the transactions. Omit explanations. 2. Post the transactions to the […]

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    Accounting

    Kingdom Leasing Inc. agrees to lease jousting equipment to Knight Inc.

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    Problem #1Kingdom Leasing Inc. agrees to lease jousting equipment to Knight Inc. on Jan 1, 2012. They agree on the following terms: 1) The normal selling price of the jousting equipment is $325000 and the cost of the asset to Kingdom Leasing Inc. was $250000.2) Knight will pay all maintenance, insurance and taxes costs directly […]

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    Accounting

    Basic Accounting _ 20 MCQs

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    1. Find the net price of a computer that lists for $510 if a discount rate of 40% is offered. Q: the net price of the computer is 2. Calculate the net price for 60 boxes of computer paper if the unit price is 12.67 and a single trade discount rate of 30% is allowed. […]

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    Accounting

    ACC 604 FINAL EXAM PART B

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    ACC 604 FINAL EXAM PART B CC 604 FINAL EXAM PART B Pots and Pans Distributors, Inc. (P&P) is the distribution company and subsidiary of Cookware Manufacturing Company. P&P buys its pots and pans from Cookware, its parent company, and markets them through its three regional sales divisions in North America, Asia and Europe. John […]

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    Accounting

    Scott product inc._Variable and absorption costing

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    During the 1st month of operation the device was selling on the market very well. Ms. Scott was looking forward to a healthy profit. Yet she was angry to see a loss for the month on the income statement. The statement was prepare by her account service Scott product inc. – sale 40,000 unit 200,000 […]

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