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Accounting Resources

The stockholders’ equity section of Blue Spruce Corp.’s balance sheet consists of common stock ($8 par) $1,104,000 and retained earnings $460,000. A 10% stock dividend (13,800 shares) is declared...

Kelly Jones and Tami Crawford borrowed $15,000 on a 7-month, 8% note from Gem State Bank to open their business, JC's Coffee House. The money was borrowed on June 1, 2017, and the note matures January...

On May 15, Wild Quest Clothiers borrowed some money on a 4-month note to provide cash during the slow season of the year. The interest rate on the note was 8%. At the time the note was due, the amount...

See question 6. On December 31 of the same year Big Fish identifies that a competing technology is affection sales for the Small Fish reporting unit. Big Fish forecasts that net cash flows from...

allfur co customizes vans and uses job order costing. in october, allfur purchased materials on account and started work on three vans. materials were requisitioned and factory labor used for each...

On January 1, 2017, DeePockets Inc. purchases 1,000 shares of Target Co. for $125 per share. DeePockets follows IFRS. On September 30, 2017, DeePockets receives a dividend of $8.00 per share. On December...

Globalco packages small LED lights for plane instrument panels. Cost data for this packaging process are as follows: Unit Cost Packaging materials (e.g., boxes, bubble-wrap) $2.090 Packaging...

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