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The following accounts increased during 2011: accounts receivable $12,000; inventory $11,000; accounts payable $13,000. Complete the cash flows from operating activities section of Bloom's 2011 stat
Wilson Wonders' bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850. What
Fishbone Corporation purchased a special tractor on December 31, 2010. The purchase agreement stipulated that Fishbone should pay $21,600 at the time of purchase and $5,600 at the end of each of the
Maggie Sharrer, a recent graduate of Rolling's accounting program, evaluated the operating performance of Poway Company's six divisions. Maggie made the following presentation to Poway's Board of D
On January 1, 2010, Fishbone Corporation purchased 340 of the $1,000 face value, 11%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2020, and pay interest annually beginning January 1
Oak Bluff Company incorrectly assigns a $50,000 overhead item to selling expense. Borden has more inventory at the end of the year than at the beginning of the year. The result of this error will be
During the year, 5,600 units were produced, 18,340 hours were worked, and the actual manufacturing overhead was $75,600. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturin
The Tanks are in the 15% marginal income tax bracket. What amount of detection for AGI would be required to equal the tax benefit of a $960 child care credit?
Actual overhead for June was $15,800 variable and $9,100 fixed, and standard hours allowed for the product produced in June was 3,000 hours. what is the total overhead variance ?
Barrett Company's stockholders' equity equals one-fourth of the company's total assets. The company's liabilities are $360,000. What is the amount of the company's stockholders' equity?
he checks the computer system for invoices outstanding, and verifies that the goods have been received. She then enters any information needed to produce printed checks from the accounting system. F
At the time of the bankruptcy, Silver Fox is owned by Randall, who purchased the stock from an investor for $250,000 several years ago. Randall is single. What are the amount and character of the lo
On March 1, Dillmore Corporation had office supplies on hand of $ 900. During the month, Dill-more purchased additional supplies costing $ 600. Approximately $ 400 of unused office supplies remain o
What amount of unrealized gain/loss should be reported on this year's income statement as part of income from continuing operations?
The company also purchased land during the period for $ 20,000 cash. Determine the company's Retained Earnings account balance on January 31.
Barry's Steroids Comapny has $1,000 par value bonds outstanding at 12 percent interest. The bonds will mature in 50 years. Compute the current price of the bonds if the percent yield to maturity is:
On January 25th, Wonder Sales issued 250 shares of preferred stock to a Morton Law Firm for settlement of an invoice for incorporation services. The invoice was for $36,000.00. Journalize this issua
Williams Company's direct labor cost is 25% of its conversion cost. If the Manufacturing overhead cost for the last period was $45,000 and the direct materials cost was $25,000, what was the direct
Physical units are 80,000. Total conversion costs are $197,500. There are 2,000 units in ending inventory which are 50% complete as to conversion costs. How much is the conversion cost per unit?
Cost of goods sold is $200,000, the beginning balance in Finished Goods is $50,000, the ending balance in Finished Goods is $100,000, and the ending balance of Work in Process is $10,000. What is Co
how much interest expense will we save over the remainder of the loan?"
Do you think there is practical managerial application of these techniques? In other words, will better decisions be made by considering carefully how to allocate costs, or is this mainly a necessar
The exercise price is the market price of the shares on the date of grant, $18 per share. The fair value of the options, estimated by an appropriate option pricing model, is $4 per option. No forfei