Cengagenowv2, 1 Term Printed Access Card For Scott's College Accounting: A Career Approach, 13th
Cengagenowv2, 1 Term Printed Access Card For Scott's College Accounting: A Career Approach, 13th
13th Edition
ISBN: 9781337280730
Author: Scott, Cathy J.
Publisher: Cengage Learning
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Chapter 1, Problem 2A

What Would You Say?

A friend of yours wants to start her own pet-sitting business. She already has a business license that is required in her city. She has had a personal checking account for years. You have told her that she also needs to open a separate account for her business needs, but she does not understand why she needs to have two separate accounts. Explain to her why she should have a business account separate from her personal account. Use some of the language of business you have learned in your text’s Introduction and in this chapter.

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net sales revenue fore the fiscal year?
Wilson owned equipment with an estimated life of 10 years when the equipment was acquired for an original cost of $80,000. The equipment had a book value of $50,000 at January 1, 2023. On January 1, 2023, Wilson realized that the useful life of the equipment was longer than originally anticipated, at ten remaining years. On April 1, 2023, Simon Company, a 90% owned subsidiary of Wilson Company, bought the equipment from Wilson for $68,250 and for depreciation purposes used the estimated remaining life as of that date. The following data are available pertaining to Simon's income and dividends declared:   2023 2024 2025 Net income $ 100,000 $ 120,000 $ 130,000 Dividends declared 40,000 50,000 60,000 Assuming there are no excess amortizations associated with the consolidation, and no other intra-entity asset transfers, compute Wilson’s share of income from Simon for consolidation for 2025.   Multiple Choice   $117,000   $118,825   $115,000   $118,800…
What is the amount of Everett's claims of this financial accounting question?

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Cengagenowv2, 1 Term Printed Access Card For Scott's College Accounting: A Career Approach, 13th

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What Is A Checking Account?; Author: The Smart Investor;https://www.youtube.com/watch?v=vGymt1Rauak;License: Standard Youtube License