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Questions tagged 'Accounting'

72 questions

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Anonymous

Feb 20, 2025

On january 1, a company issues bonds dated january 1 with a par value of $600,000. the bonds mature in 3 years. the contract rate

On January 1, a company issued bonds with a par value of $600,000, maturing in 3 years. The bonds have a contract rate of 7%, with interest paid semiannually on June 30 and December 31. The bonds were...

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Anonymous

Feb 20, 2025

If services are rendered for credit, then?

If services are rendered in exchange for credit, what impact does this have on the financial statements? Specifically, which of the following accounting elements will be affected: Will liabilities d...

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Susana Borer

Feb 19, 2025

Bina Consulting Co. collected $500 from a customer in advance to provide consulting fees for the next two months. The $500 would be

Bina Consulting Co. has collected $500 in advance from a customer to cover consulting fees for the next two months. This $500 will be recorded with a debit to Cash and a credit to Unearned Revenues. I...

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Anonymous

Feb 18, 2025

Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in thousands) 2021 2022 2023

Times-Roman Publishing Company has reported the following financial figures for its first three years of operation (amounts in thousands): Year 2021: Subscription revenue recognized (earned): $350...

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Anonymous

Feb 16, 2025

At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31,

At the end of each calendar year, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. As of December 31, the company has outstanding accounts receivable totaling $11...

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Anonymous

Feb 13, 2025

Bedrock company reported a december 31 ending inventory balance of $413,500. the following additional information is also available:

Bedrock Company reported an ending inventory balance of $413,500 as of December 31. The following additional information is also available: (a) The reported ending inventory balance of $413,500 includ...

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Anonymous

Feb 12, 2025

Accounting E15-10 help please?

Tomlin Company began operations on April 1. Information from job cost sheets shows the following manufacturing costs assigned to each job: Job Number | April | May | June | Month Completed --- | --- |...

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Anonymous

Feb 11, 2025

Sun Devil Hair Design has the following transactions during the month of February. February 2 Pay 5600 for radio advertising for FebruaryFebruary

Sun Devil Hair Design has the following transactions during the month of February: February 2: Paid $5,600 for radio advertising for February. February 7: Purchased beauty supplies totaling $1,200 on...

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Anonymous

Feb 11, 2025

Financial statement analysis involves all of the following except: multiple choice the application of analytical tools to general-purpose

Financial statement analysis involves all of the following aspects except for one: the application of analytical tools to general-purpose financial statements and related data for making business deci...

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Anonymous

Feb 11, 2025

Eggers Company reports the following for the month of June.

Eggers Company reports the following information for the month of June: | Date | Explanation | Units | Unit Cost | Total Cost | |------|--------------|-------|-----------|------------| | June 1 | Inv...