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ACC 290 Week 4 WileyPLUS Assignment

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ACC 290 Week 4 WileyPLUS Assignment Problem 4-8A Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. During July, the following transactions were completed Brief Exercise 5-1 Presented here are the components in Casilla Company’s income statement. Determine the missing amounts Brief Exercise 5-2 Gerish Company buys merchandise on account from Mangus Company. The selling price of the goods is $1,344 and the cost of the goods sold is $634. Both companies use perpetual inventory systems Broadening Your Perspective 5-1 The financial statements of Tootsie Roll are presented below Broadening Your Perspective 5-2 The financial statements of The Hershey Company and Tootsie Roll are presented below IFRS 5-2 For each of the following income statement line items, state whether the item is a “by nature” expense item or a “by function” expense item IFRS 5-4 The company’s complete annual report, including the notes to its financial statements, is available in the Investor Relations section at www.zetarplc.com. Visit Zetar’s corporate website and answer the following questions from Zetar’s 2011 annual report. What is the approximate tax rate of Zetar’s “Tax on profit from continuing activities”? Practice Question 1 A service company’s operating cycle is ordinarily shorter than that of a merchandising company. Practice Question 2 A merchandiser that sells directly to consumers is called a retailer Which of the following is a merchandiser that sells directly to consumers Practice Question 3 A wholesaler is the intermediary. It buys from one business and sells to another business that will resell to customers Which is true about a wholesaler

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