Business, 29.01.2020 01:49 guilloryjamira
On may 1, the bank said it may lend money to nim com soup, inc. the amount will depend on nim com soup's income statement for the month of may. since the bank did not specify, nim com soup did not follow generally accepted accounting principles (gaap). it reported net income for the month ended may 31 of $20,000. the revenue included $1,000 of cash collected in advance from customers for services to be performed in june. the revenue also included a $12,000 increase in the value of its land. the expenses excluded $3,000 it owed for services it received in may. what is nim com soup's gaap net income?
Answers: 2
Business, 22.06.2019 11:30
17. chef a says that garnish should be added to a soup right before serving. chef b says that garnish should be cooked with the other ingredients in a soup. which chef is correct? a. chef a is correct. b. both chefs are correct. c. chef b is correct. d. neither chef is correct. student c incorrect which is correct answer?
Answers: 2
Business, 22.06.2019 14:30
United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.
Answers: 2
Business, 22.06.2019 20:00
During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above
Answers: 3
On may 1, the bank said it may lend money to nim com soup, inc. the amount will depend on nim com so...
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