Joseph and Diana Cohen live in Pleasantville, New Jersey.

Joseph and Diana Cohen live in Pleasantville, New Jersey.. Tax Form Resolved Question: Instructions: Please complete the required federal individual income tax return forms for the following taxpayers. Unless instructed otherwise, the information provided is for the taxpayers 2012 tax year. Please complete their 2012 tax return. Ignore the requirement to attach the form(s) W-2 […]

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Job Costing

Job Costing GoPack Corporation completed work on three jobs in the most recent period. Only these three jobs were worked on for the period. Information for the three jobs is as follows: Pounds (lb.) of Direct Material           # of Direct Labor Hours Job 1                            550                                                                  1,250 Job 2                            275                                                                     875 […]

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Intel Corporation_Increase in ROI

Intel Corporation_Increase in ROI Sales $ 14,000,000 Net operating income $ 520.000 Average operating assets $ 5,200,000   The entrepreneur who founded the company is convinced that sales will increase next year by 160% and that net operating income will increase by 420%, with no increase in average operating assets. What would be the company’s […]

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insurance expense

insurance expense Beginning balance $4,720 July 1 4,200 October 1 7,272 Record Expired insurance for adjusting entries, I know its Insurance Expense and Prepaid Insurance but I don’t know how to come up with the value. The beginning balance represents a one-year policy purchased in September of the PREVIOUS year. The July 1 entry represents […]

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Journal entries – perpetual inventory

Journal entries – perpetual inventory Apr. 2 Purchased merchandise from Blue Company under the following terms: $6,700 price, invoice dated April 2, credit terms of 2/15, n/60, and FOB shipping point. 3 Paid $375 for shipping charges on the April 2 purchase. 4 Returned to Blue Company unacceptable merchandise that had an invoice price of […]

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Intermediate acct 305

Intermediate acct 305 You have joined Member Company as an accounting manager. You were reviewing the financial statements to get yourself familiar with the company. While conducting the review, you had some concerns about their pension assets. Member Company had pension assets of $14 million and vested pension obligation of $12 million, but the projected […]

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Intermediate Financial Accounting

Intermediate Financial Accounting Intermediate Financial Accounting Coursework requirement For Marks and Spencer Group plc and John Lewis Partnership plc, you are required to analyse the current and previous year’s figures in the annual reports for 2013. Your analysis, which should compare and contrast the two companies, should be presented in the format of a report […]

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Intermediate Chapter 5

Intermediate Chapter 5 1.       Bruno Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion. BRUNO COMPANY BALANCE SHEET DECEMBER 31, 2012 Current assets Cash $262,650 Accounts receivable (net) 342,650 Inventories (lower-of-average-cost-or-market) 403,650 Equity investments (trading)—at cost (fair value $123,330) 143,330 […]

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