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For next year, Flemingl Company has budgeted sales of 40,000 units, target beginning finished goods inventory of 2,000 units, and an ending finished goods inventory of 1,200 units. . How many units
At December 31, bonds payable of $100,000,000 are outstanding. The bonds pay 10% interest every September 30 and mature in installments of $25,000,000 every September 30, beginning September 30, 201
What would be the balance in the Investment of S Corporation account on December 31, 2010?
If Ashley worked in the school library, under what circumstances would she have to file a tax return?
Immediately before liquidation, the partnership balance sheet shows total assets, $117,000; total liabilities, $87,750; Brewster, Capital, $1,600; Conway, Capital, $11,600; and Ogden, Capital, $16,
she incurs an additional $18,000 for various features, such as ramps and widened doorways, to make her office building more accessible. The $18,000 incurred will produce a disabled access credit of
Pitino assigned the rest of the excess fair value over book value to Brey's patended technology (Six year remaining life).
A company sells only one product and uses a periodic inventory system. On January 1, beginning inventory is at $10 each on October 14. The inventory on December 31is at 50 units. Using the LIFO meth
At December 31, 2007 and 2008, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2007, dividen
The following information was included in the report: ending PBO, $110,000; benefits paid to retirees, $12,000; interest cost, $8,000. The discount rate applied by the actuary was 8%. What was the s
The change affects machinery purchased at the beginning of 2007 at a cost of $72,000 with no residual value and an estimated life of five years. In 2009 it is estimated that there is a residual valu
Calculate the increase or decrease in net operating income if an 8,300 increase in the monthly advertising budget would increase monthly sales by 14,300.
Ludwig Company's prepaid rent was $13,000 at December 31, 2008, and $9,000 at December 31, 2009. Ludwig reported rent expense of $19,000 on the 2009 income statement. What amount would be reported i
Would the yield spread on a corporate bond over a Treasury bond with the same maturity tend to become wider or narrower if the economy appeared to be heading toward a recession? Would the change in
Tanver Corporation, a calendar year corporation, has alternative minimum taxable income of $7 million in 2010 (before adjustment for adjusted current earnings). If Tanver's adjusted current earnings
the amount of the change in accumulated depreciation is $40,000. The appropriate tax rate is 40%. what is the separately reported change in 2009 earnings ?
Christine Ewing is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. Journalize the transactions in the ge
What is the amount of amortization to pension expense for the year using the "corridor" approach?
Mars Inc. has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report:
What is the appropriate patent amortization expense in 2009?
In Xan's Year 2 statement of cash flows, what should be net cash used in financing activities?
What should the depreciation expense be on this machine for the year ended December 31, Year 3?
Cooper Inc.'s net income for the year ended May 31, Year 6 was 10% higher than in Year 5. what were Basic earnings per share in Year 6 on Cooper's common stock ?
What was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of December 31, 2008?
If the company's common stock was valued at $135 per share when the stock dividend was declared, what would the stock price be just after the dividend shares were distributed?