Stear Corp. has taken a loan of $750,000 from a bank. The company's accountant enters the details of the transaction in the journal. The transaction needs to be posted in the ledger. In which accounts will the accountant record this entry?

Describe the method of write off?

Paula's basis in her partnership interest is $60,000. In liquidation of her interest, the partnership makes a proportionate distribution to Paula of $20,000 cash and inventory (basis of $5,000 and value of $7,000).

A merchant buyer of goods receives nonconforming goods. The merchant buyer rightfully rejects and appropriately notifies the seller, but the seller has no agent in the buyer's city. The goods are perishable and threaten to decline in value speedily.

Which of the following is NOT a disadvantage of vertical integration? a) Increased business riskb) Decreased product qualityc) Capacity matching problemsd) Slowness to embrace technological advancese) Less flexibility in accommodating shifting buyer

Contribution Margin Concepts The following information is taken from the 2017 records of Hendrix's Guitar Center.

The following production data were taken from the records of the finishing department for June:Inventory in process, June 1, 25% completed 1,500 unitsTransferred to finished goods during June 5,000 unitsEquivalent units of production during June

Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that you will receive payments of $500 per month for 20 years.

James is an auditory learner. what is the best way for him to process his notes

Sally is a cash basis taxpayer and a member of the Valley Barter club. This year Sally provided 100 hours of sewing services to the barter club in exchange for two football playoff tickets.

One study of 195 critical incidents in banking and medical settings showed that a major difference between effective and ineffective listening was