Bundle: Essentials of Business Communication, Loose-Leaf Version, 10th + Premium Website, 1 term (6 months) Printed Access Card + LMS Integrated Printed Access Card
10th Edition
ISBN: 9781305699199
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
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Chapter 9, Problem 13CT
Summary Introduction
To critically think about:
The heading guidelines of writing a report.
Introduction:
There are various heading format depending on is length, topic, audience and purpose. Such as letter format, digital formats, manuscript formats, memo and e-mails formats, forms and templates, and PDF files, infographics digital slide decks.
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Please provide this question solution general accounting
Prince Corporation acquired 100 percent of Sword Company on January 1, 20X7, for $187,000. The trial balances for the two companies on December 31, 20X7, included the following amounts:
Item
Prince Corporation
Sword Company
Debit
Credit
Debit
Credit
Cash
$ 94,000
$ 43,000
Accounts Receivable
59,000
64,000
Inventory
183,000
104,000
Land
92,000
38,000
Buildings and Equipment
496,000
151,000
Investment in Sword Company
248,000
Cost of Goods Sold
496,000
254,000
Depreciation Expense
22,000
12,000
Other Expenses
65,000
65,000
Dividends Declared
51,000
23,000
Accumulated Depreciation
$ 153,000
$ 60,000
Accounts Payable
64,000
34,000
Mortgages Payable
192,000
111,000
Common Stock
291,000
40,000
Retained Earnings
335,000
91,000
Sales
687,000
418,000
Income from Sword Company
84,000
$ 1,806,000
$ 1,806,000
$ 754,000
$ 754,000
Additional Information
On January 1, 20X7, Sword…
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- GENERAL ACCOUNTING PROBLEM 6 PTSarrow_forwardSterling electronics has announced net earnings solve this accounting questionsarrow_forwardThe following information is provided by the Salinger Corporation for the year: Actual direct labor hour's worked 62,100 Budgeted overhead $ 4,05,000 Budgeted direct labor hours 50,500 Actual overhead costs incurred $ 6,21,000 Which of the following is the predetermined overhead rate, if calculated using direct labor hours? a. $1.53. b. $6.52. c. $8.02. d. $12.30.arrow_forward
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