Madison company uses the perpetual inventory system. record the journal entries for the following transactions: a. on july 16, madison sold $500 of merchandise with terms of 3/10, n/30. the cost of the merchandise was $200. b. on july 19, the customer returned $100 of the merchandise from (a). the cost of the merchandise was $40. c. on july 22, the customer paid the entire balance due to madison.

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots