Business, 06.12.2019 22:31 genyjoannerubiera
Oriole company sells goods to danone inc. by accepting a note receivable on january 2, 2020. the goods have a sales price of $659,900 (cost of $460,000). the terms are net 30. if danone pays within 5 days, however, it receives a cash discount of $9,900. past history indicates that the cash discount will be taken. on january 28, 2020, danone makes payment to oriole for the full sales price. instructions(a) prepare the journal entry(ies) to record the sale and related cost of goods sold forjupiter company on january 2, 2020, and the payment on january 2, 2020. assume thatjupiter company records the january 2, 2017, transaction using the net method.(b) prepare the journal entry(ies) to record the sale and related cost of goods sold forjupiter company on january 2, 2020, and the payment on january 2, 2020. assume thatjupiter company records the january 2, 2017, transaction using the gross metho
Answers: 3
Business, 22.06.2019 11:40
In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?
Answers: 2
Business, 22.06.2019 13:50
Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.
Answers: 2
Business, 22.06.2019 14:40
In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?
Answers: 3
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
Answers: 1
Oriole company sells goods to danone inc. by accepting a note receivable on january 2, 2020. the goo...
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