Entries by Grace Wahito

Financial Data of Bob’s Bacon House Inc. as of January 1, 20XX

February 11, 2020 in /by

Financial Data of Bob’s Bacon House Inc. as of January 1, 20XX Accounts Payable 200,500 Account Receivable 165,700 Accumulated Depreciation’s 350,000 Additional Paid-In Capital 40,000 Allowance for Doubtful Accounts 2,650 Building and Equipment 1,120,000 Cash  45,300 Common Stock 544,850 Copyrights 112,000 Customer Deposits (expected to be paid in 20XX) 375 Goodwill 225,000 Income Taxes Payable […]

 

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“How could transfer pricing be used by

February 11, 2020 in /by

I need help with this accounting question, “How could transfer pricing be used by a parent company like YUM Brands, that has subsidiaries such as KFC, Pizza Hut, and Taco Bell, among others?” thank you   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Helen Derby borrowed $150,000 to acquire a parcel of land

February 11, 2020 in /by

Helen Derby borrowed $150,000 to acquire a parcel of land to be held for investment purposes. During the current year, she reported AGI of $90,000 and paid interest of $12,000 on the loan. Other items related to Helen’s investments include the following: Interest and annuity income ——– $11,000 Long-term capital gain on sale of stock […]

 

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