Charlie's Chocolates' stockholders made investments of $90,000 and received dividends of $40,000. The company has revenues of $123,000 and expenses of $84,000. Calculate its net income.

If commodity money was still used nowadays, what items do you think would be used as a medium of exchange? Why?

Randal Corporation recorded the following activity for the year just ended: Proceeds from sale of property $300,000 Cash received from customers $120,000 Issuance of common stock $180,000 Issuance of bonds payable $500,000 Dividends paid to

Marston acquired assets for $100,000. At the end of year 3, the assets had accumulated depreciation of $40,000. An impairment loss was indicated, and the fair value of the assets was $48,000.

Selected accounts with a credit amount omitted are as follows Work in Process Apr. 1 Balance 6,600 Apr. 30 Goods finished X 30 Direct materials 51,600 30 Direct labor 190,900 30 Factory overhead 57,270 Finished Goods Apr.

Bledsoe Company received $15,000 cash from the issue of stock on January 1, 2013. During 2013 Bledsoe earned $8,500 of revenue on account. The company collected $6,000 cash from accounts receivable and paid $5,400 cash for operating expenses.

All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. The adjusting entry for deferred revenues increases assets and increases revenues.

Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process.

Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value? Choose one answer. a. pawnbroker b. credit card c. ATM d. payday loan

Check My Work (1 remaining) Motor Sports, Inc., sues A-Z Speed. Motor Sports alleges that A-Z breached (failed to perform) a contract that required A-Z to sell ten Jet Skis to Motor Sports.

CableVision has been approached by the City of Mirada to run its cable operations in 2020. After negotiating with key parties, CableVision has made the following agreements:It will offer Mirada residents a basic set of 25 cable television stations