You have been asked to review the december 31, 2021, balance sheet for champion cleaning. after completing your review, you list the following three items for discussion with your superior: an investment of $36,000 is included in current assets. management has indicated that it has no intention of liquidating the investment in 2022. a $160,000 note payable is listed as a long-term liability, but you have determined that the note is due in 10, equal annual installments with the first installment due on march 31, 2022. deferred revenue of $78,000 is included as a current liability even though only two-thirds will be recognized as revenue in 2022, and the other one-third in 2023. determine the appropriate classification of each of these items. (if no entry is required for classification, choose "no entry".)
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Business, 21.06.2019 20:50
Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning
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Business, 22.06.2019 10:00
In a small group, members have taken on the task roles of information giver, critic/analyzer, and recorder, and the maintenance roles of gatekeeper and follower. they need to fulfill one more role. which of the following would be most effective for their group dynamics? a dominator b coordinator c opinion seeker d harmonizer
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Business, 22.06.2019 21:10
You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?
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Business, 23.06.2019 00:00
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?
Answers: 3
You have been asked to review the december 31, 2021, balance sheet for champion cleaning. after comp...
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