On september 1, year 1, great lakes equipment receives $24,000 from a customer for work to be performed evenly over the next 2 years. what is the amount of revenue that great lakes equipment should recognize on the income statement for the year ending december year 1?

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of

Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in