ACC 291 Week 5 – Individual WileyPLUS Assignment Week Five – Exercise E13-8 , E14-3 Exercise E13-8 Taguchi Company Statement of Cash flows-Indirect method For the year ended in December 31,2011 Cash Flows from operating activities Net income 103,000 Adjustments to receive net income to net cash Exercise E14-3 A. Horizontal Analysis Assets …
Read MoreQ: Trudy Company incurred the following costs. 1 Sales tax on factory machinery purchased $ 5,000 2.Painting of and lettering on truck immediately upon purchase 700 3.Installation and testing of factory machinery 2,000 4.Real estate broker’s commission on land purchased 3,500 5.Insurance premium paid for first year’s insurance on new truck 880 6.Cost of landscaping…
Read MoreACC 291 Week 5 Final Exam 1 All Correct A+ Answer 1) Hahn Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $300,000 and credit sales are $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to…
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