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Special Order Louisville Corporation

Special Order Louisville Corporation produces baseball bats for kids that it sells for $32 each. At capacity, the company can produce 50,000 bats a year.

High Tech Inc

High Tech Inc. is a virtual store that stocks a variety of calculators in their warehouse. Customer orders are placed, the order is picked an dpackaged, and then shipped to the customer. A fixed order quantity inventory control system (FQS) helps monitor and control these SKUs. The following information is for one of the calculators that they stock, sell and ship.

Quaint Construction, Inc

Accounting for construction transactions


The general ledger of Karlstad Company

The general ledger of Karlstad Company contained the following Accounts Payable control account (in T-account form). Also shown is the related subsidiary ledger.

Classics, Inc. Case

Intermediate Accounting 1

Fall 2015  Evening


Classics, Inc. Case



CASE 7–24 Comprehensive Activity-Based Costing

CASE 7–24 Comprehensive Activity-Based Costing [LO2, LO3, LO5]

Kolbec Community College (KCC) has 4,000 full-time students and offers a variety of academic programs in three areas: professional studies, arts, and technology.

Comprehensive Reconciliation - In auditing the Train Company

Comprehensive Reconciliation - In auditing the Train Company, you obtain directly from the bank Train’s bank statement, canceled checks, and other memoranda which relate to the company’s bank account for December 2007. In reconciling the bank balance on December 31, 2007 with that shown on the company’s books, you observe the following facts:


What are the differences between a direct-financing and a sales-type lease for a lessor?

Why would a lessor provide direct-financing to a lessee?

Expenditure Cycle for a Hypothetical Company

The following describes the expenditure cycle for a hypothetical company. The company has a centralized computer system with terminals located in various departments. The terminals are networked to a computer application, and digital accounting records are hosted on a server in the data processing department. Each day, the computer in the data processing center scans the inventory records looking for items that must be replenished.

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