Smiles entertainment had the following accounts and balances at december 31:
account debit credit
cash $ 10,600
accounts receivable 2,120
prepaid insurance 2,640
supplies 1,120
accounts payable $ 5,300
common stock 4,300
retained earnings 960
service revenue 7,600
salaries expense 560
utilities expense 1,120
totals $ 18,160 $ 18,160
using the information in the table, calculate the company's reported net income for the period.

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

Double corporation acquired all of the common stock of simple company for

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting