Business, 06.10.2019 11:00 abelinoperez652
Question: for each separate case below, follow the three-step process for adjusting the unearned revenue liability account at december 31.step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2.assume no other adjusting entries are made during the year. a) the krug company collected $9,000 rent in advance on november 1, debiting cash and crediting unearned rent revenue. the tenant was paying 12 months' rent in advance and occupancy began november 1.unearned rent revenuestep 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3. record the december 31 adjusting entry to get from step 1 to step 2.b) the company charges $100 per month to spray a house for insects. a customer paid $400 on october 1 in advance for four treatments, which was recorded with a debit to cash and a credit to unearned services revenue. at year-end, the company has applied three treatments for the customer. unearned services revenuestep 1: determine what the current account balance equals. step 2: determine what the current account balance should equal step 3: record the december 31 adjusting entry to get from step 1 to step 2.c) on september 1, a client paid the company $30,000 cash for six months of rent in advance (the client leased a building and took occupancy immediately). the company recorded the cash as unearned rent revenueunearned rent revenuestep 1: determine what the current account balance equals step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2.
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Business, 21.06.2019 20:30
In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies.answers: management policies
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Business, 22.06.2019 16:50
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Business, 22.06.2019 18:00
Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?
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Business, 22.06.2019 19:00
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
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Question: for each separate case below, follow the three-step process for adjusting the unearned rev...
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