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The first one Emig Corp:

Bonds Payable 4,500,000

Less: net carrying value
Par value ...

Help please... anyone... I'll be eternally grateful... forever... and ever!

Winger Corporation owned 300,000 shares of Fegan Corporation stock. On December 31, 2012, when Winger's account "Equity...

Please help!. Anybody...


On its December 31, 2012 balance sheet, Emig Corp. reported bonds payable of $9,000,000 and related unamortized bond issue costs of $480,000. The bonds had been issued...

Please I need help... help me!! Thank you!


During 2012, Gordon Company issued at 104 five hundred, $1,000 bonds due in ten years. One detachable stock warrant entitling the holder to purchase...

My ex wants visitation with our 7 yo child but he has history of dui. I know he is still drinking and doping cause I smell it when I see him. I allowed him to visit our son as long as it does not...

Thank you!! I appreciate your help. Sorry, I tried to click helpful but it won't let me . I don't know why. It says I have to spread rumors.. don't know what that meant.

Why is it that I am forced to recognize depreciation expense in my company's income statement when I know that I could sell many of my assets for more than I paid for them? I thought that the purpose...

Thank you , thank you, thank you! You are awesome. I learn a lot. Yes, I will keep your advice in mind. Keep helping. You are making a big difference in student's life.☺

Oh, you know what... you're good... I think I got #2 wrong. He is the buyer so it should NOT be included because he didn't get it yet until the next year.

#5. I think he is the consignor. It did ...

Ok Captain!

#2. It should BE included in his inventory because it's fob destination. He cannot take as a sale until the buyer take possession of the product. Since he include this in his inv....

Oh, the #4, well it's fob point. He has to deduct that from his inventory as soon as it shipped. It says it's not included in his preliminary inventory. He should include it by deducting it right?
...

Oh! Ok.. can you be my tutor.. I like it when you ask like that. That's how I understand better ☺

#2. No adjustment right.. because its fob destination to him. He didn't get it yet.
#5 No...

Well, I tried about every number but still wrong. This is one of them I tried:

210,000
(14,000) should not be included in his inventory right? Cause It's consignment.
(6000) should be deducted...

ABC Inc. is the global leader in providing furniture for office environments. The company uses the LIFO inventory method for external reporting and for income tax purposes but maintains its internal...

1.The December 31, 2013, year-end inventory balance of the Raymond Corporation is $210,000. You have been asked to review the following transactions to determine if they have been correctly recorded....

What's wrong with the company's internal control?


Fran Jones opens the company's mail and makes a listing of all checks and cash received from customers. A copy of the list is sent to Jerry...

What if someone prepared the checks for him. All he has to do is sign it and record it and reconcile it with bank statement. How can he embezzle funds when he does not have access to blank checks?

What is wrong with the company's internal control in this scenario?



Fran Jones opens the company's mail and makes a listing of all checks and cash received from customers. A copy of the list...

Why check signers not allowed to record cash disbursements journals and reconcile bank statement?

Harvey Alexander, an all-league professional football player, has just declared free agency. Two teams, the San Francisco 49ers and the Dallas Cowboys, have made Harvey the following offers to obtain...

Two accounting students were discussing the alternative methods of accounting for long-term construction contracts. The discussion focused on which method was most like the typical revenue...

Shields Company is preparing its interim report for the second quarter ending June 30. The following payments were made during the first two quarters:

Expenditure ...

Sales revenue 300,000
Loss on sale of investments 22,000
Interest revenue 4,000
Loss from flood damage (unusual and infrequent) 50,000
Cost of goods sold 160,000 ...

The adjusted trial balance of Pacific Scientific Corporation on December 31, 2013, the end of the company’s fiscal year, contained the following income statement items ($ in millions): sales revenue,...

After a decade of consistent income growth, the Tomson Corp sustained a before tax loss of 8.4 mil in 2011. The loss was primarily due to 10 mil in expense related to the product recall. Tomson...

What is BP's social responsibility in 2010 Gulf of Mexico oil spill?

The current asset section of Stibbe Pharmaceutical Company’s balance sheet included cash of $20,000 and accounts receivable of $40,000. The only other current asset is inventories. The company’s...

1.

On December 20, 2013, Jamesway received a $4,000 payment from a customer for services to be rendered early in 2014. Service revenue was credited.
2.

On December 1, 2013, the company...

Thank you @pready... your help is greatly appreciated. Below is you answer to my question I posted earlier titled the same. Here's my answer to you hint. See below. Please let me know if it's right...

Thank you @pready... your help is greatly appreciated. Below is you answer to my question I posted earlier titled the same. Here's my answer to you hint. See below



1. Service Revenue is...

The Jamesway Corporation had the following situations on December 2013.

1.

On December 20, 2013, Jamesway received a $4,000 payment from a customer for services to be rendered early in...