Entries by mary WAMBUGU

According to the FASB’s conceptual framework, noncurrent payables are usually measured and reported at Present value of future cash flows.

August 25, 2019 in /by

According to the FASB’s conceptual framework, noncurrent payables are usually measured and reported at Present value of future cash flows. Historical proceeds. Current market value. Settlement value.   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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For Year 1, Pac Co. has a standard assurance-type warranty on its equipment. It estimated its 2-year equipment warranty costs based on $100 per unit sold in Year 1.

August 25, 2019 in /by

For Year 1, Pac Co. has a standard assurance-type warranty on its equipment. It estimated its 2-year equipment warranty costs based on $100 per unit sold in Year 1. Experience during Year 2 indicated that the estimate should have been based on $110 per unit. The effect of this $10 difference from the estimate is reported In […]

 

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The Tansian Company had 200,000 shares outstanding on January 1, 2016. On March 1 Tansian issued 125,000 shares. On June 1 Tansian issued a 12% stock dividend

August 25, 2019 in /by

The Tansian Company had 200,000 shares outstanding on January 1, 2016. On March 1 Tansian issued 125,000 shares. On June 1 Tansian issued a 12% stock dividend. On 8/1 Tansian repurchased 24,000 shares of treasury stock. On December 31, 2016 Tansian declared a 1.5 to 1 stock split. Required: What are the weighted average shares […]

 

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The following is the Bravo Unlimited unadjusted Trial Balance. Bravo Unlimited Unadjusted Trial Balance

August 25, 2019 in /by

The following is the Bravo Unlimited unadjusted Trial Balance.Bravo Unlimited Unadjusted Trial Balance December 31, 2016 Account Title Debit Credit Cash $88,450 Accounts Receivable 231,860 Supplies 6,255 Prepaid Rent 11,000 Equipment 395,285 Accumulated Depreciation $224,260 Accounts Payable 72,555 Wages Payable 0   Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 893,105 Interest Income 1,500 Rent Expense […]

 

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