On September 1, 2018, Tri-Cities Company borrowed $125,000 by signing a nine-month, 7.2% note payable. Prepare the journal entry to accrue interest expense on December 31, 2018. Omit explanation.
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What type of media are those over which public relations practitioners have no direct role in decisions about media content?
A. Uncontrolled media D. Advertising media B. Controlling media E. Marketing media C. Controlled media
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for conversion costs for the first
department for the month is closest to: A. $40.03 B. $48.47 C. $44.58 D. $46.16
On December 2, 2017, St
Augustine, Inc purchases land. In exchange for the land, St. Augustine, Inc issues 8,000 shares of common stock with $1.00 par value. The land has been appraised at a market value of $400,000. Prepare the journal entry for this transaction. What will be an ideal response
Cardinal Corporation reported pretax book income of $3,000,000. During the current year, the reserve for bad debts increased by $200,000. In addition, book depreciation exceeded tax depreciation by $100,000. Cardinal sold a fixed asset and reported a book gain of $60,000 and a tax gain of $80,000. Finally, Cardinal deducted $50,000 of domestic production activities deduction on its tax return. Compute Cardinal's current income tax expense or benefit.
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