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i need all answered please Marie Company sells and installs high end residential security systems and provides live security service monitoring. After an increase in

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Marie Company sells and installs high end residential security systems and provides live security service monitoring. After an increase in home invasions, Marie Company decides to offer a limited time offer in which it sells the security system with the monitoring service provided for "free". This bundled package includes home security equipment and live monitoring service for 12 months. The price of the security system with live monitoring is $900. When sold separately, live security service monitoring is $400 and the home security equipment is $600. What amount of revenue will Marie Company recognize when the home security equipment is installed at the customer's residence. 1 Multiple Choice $1,300 0 $540 $200 0 $600 0 A Company had a beginning balance in its Retained Earnings account of $386,250. During the year, the company declared and paid a $4,830 dividend and, at the end of the year, it reported Retained Earnings of $401,160. The company's net income for the year was: Multiple Choice S19,740. . $14,910. $10,080. Sarbanes-Oxley Act (SOX) was passed by Congress to address which of the following issues? Multiple Choice The lack of significant corporate frauds during the late 1990s and early 2000s warranted less monitoring for external stakeholders. Accounting rules had become so complex that investors could no longer understand them. To bring GAAP closer to global financial reporting standards. To improve the financial reporting and restore investor confidence. Nika Inc sells inexpensive sunglasses and uses a perpetual inventory system. The accounting records reported $516,500 of inventory at the beginning of June based on a physical count of inventory. During June, Nika Inc. purchased $44,000 of inventory and sold inventory that had cost $31,250. At the end of the June, the physical count of inventory shows $525,000 on hand. How much shrinkage occurred during June? ! Multiple Choice $35,500 o oo $27.000 O $4,250 $4,250 O $8.500 A Company gathered the following information from its accounting records and the June bank statement to prepare the June bank reconciliation: Ending cash balance per books, 10/31 Deposits in transit Interest received from bank Bank service charge for check printing Outstanding checks NSF check of T. Owens $4,600 370 1,400 140 3,100 230 The up-to-date ending cash balance on June 30 is: Multiple Choice O $5,630 O O s.560 $3.560 O S5.400 O S4130 $4.130

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