Jim yount, m. d., keeps his accounting records on the cash basis. during 2015, dr. yount collected $350,000 from his patients. at december 31, 2014, dr. yount had accounts receivable of $40,000. at december 31, 2015, dr. yount had accounts receivable of $70,000 and unearned revenue of $10,000. on the accrual basis, how much was dr. young's patient service revenue for 2015

Explain how can you avoid conflict by adjusting

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.

Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to: