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Accounting

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Abigayle Donnelly

Nov 01, 2024

On january 1 of 2015, parson freight company issues 7%, 10-year bonds with a par value of $2,000,000. the bonds pay interest semi-annually.

On January 1, 2015, Parson Freight Company issued 7% bonds with a par value of $2,000,000 and a maturity period of 10 years. These bonds pay interest semi-annually. At the time of issuance, the market...
3 answers 38
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Anonymous

Dec 16, 2024

P. jameson co. sold $500 of merchandise on master card credit sales. the net cash receipts from the sale are immediately deposited

P. Jameson Co. sold $500 worth of merchandise through MasterCard credit sales. The net cash receipts from this sale are immediately deposited into the seller's bank account. MasterCard charges a 4% fe...
10 answers 13
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Anonymous

Jan 07, 2025

Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequently,

Q-mart neglected to include inventory that was stored in a separate warehouse in its inventory count as of December 31. As a result, the ending inventory reported on the balance sheet for that date wa...
4 answers 55
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Emilia O'Kon

Nov 19, 2024

Revenue is traditionally recognized in the accounting records when

When is revenue traditionally recognized in accounting records? a. When cash is received. b. When services are rendered. c. When it is incurred. d. None of the above.

4 answers 56
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Anonymous

Nov 18, 2024

Rocky guide service provides guided 1–5 day hiking tours throughout the rocky mountains. wilderness tours hires rocky to lead various

Rocky Guide Service provides guided hiking tours lasting from 1 to 5 days throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead various tours that Wilderness sells. Rocky receives $2,40...
1 answers 11
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Anonymous

Dec 24, 2024

Selected transactions for Sophie’s Dog Care are as follows during the month of March.

Selected transactions for Sophie’s Dog Care during the month of March are as follows: March 1: Paid monthly rent of $1,200. March 3: Performed services for $140 on account. March 5: Performed service...
4 answers 12
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Anonymous

Jan 18, 2025

The book value of an asset will equal its fair market value at the date of sale if:?

The book value of an asset will equal its fair market value at the date of sale if: a) no gain or loss on disposal is recorded. b) a loss on disposal is recorded. c) a gain on disposal is recorded....
2 answers 26
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Anonymous

Jan 07, 2025

The cost of fire insurance for a manufacturing plant is generally considered to be a “” cost?

What type of cost is the fire insurance for a manufacturing plant generally considered to be? A. Variable Cost B. Period Cost C. Product Cost D. All of the above

2 answers 37
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Anonymous

Oct 21, 2024

The data given below are from the accounting records of the kuhn corporation: net income (accrual basis) $ 65,000 depreciation expense

The following data are extracted from the accounting records of the Kuhn Corporation: Net income (accrual basis): $65,000 Depreciation expense: $19,000 Decrease in accounts payable: $3,500 Decrea...
3 answers 37
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Anonymous

Oct 31, 2024

The following data pertain to the Oneida Restaurant Supply Company for the year just ended. Budgeted sales revenue $205,000 Actual

The following data pertains to the Oneida Restaurant Supply Company for the most recently completed fiscal year: Budgeted Sales Revenue: $205,000 Actual Manufacturing Overhead: $336,000 Budgeted...
4 answers 13