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Lara owns a 60 percent interest and Lance owns a 40 percent interest in LL Partnership a general partnership. On January 1 2012 Lara%u2019s adjusted basis […]

The ledger of Chopin Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Prepaid […]

Mercy hospital is a privat hospital that serves an aging population the hospital administrator believes that insurance companies and medicare will move to fixed paymets for […]

Marvin%u2019s Music Company was incorporated as a new business on January 1 2012. The company is authorized to issue 40000 shares of $1 par value common […]

Manufacturing cost and other data for two components 543 and 789 used by baltimore electronics follow components 543 789 Direct material $0.40 $ 8.00 Direct labor […]

On March 1 fixtures and equipment were purchased for $5500 with a downpayment of $2000 plus a $3500 note payable in one year. Interest of 6% […]

Kline Company an accrual basis calendar year corporation reported $560000 net income before tax on its financial statements prepared in accordance with GAAP for 2012. Kline%u2019s […]

Hillyard Company an office supplies specialty store prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the […]

Bill Hildebrand and Melissa Nordhaus opened Party-Time T-Shirts to sell T-shirts for parties at their college. The company completed the first year of operations and the […]