• Q : Calculate the costs of equity....
    Accounting Basics :

    Suppose in year 2011 the risk free rate was 6% the market free rate was 9% and the beta of the share was 1.54. Calculate the costs of equity ?

  • Q : Measuring and recording pension expenditure....
    Accounting Basics :

     Prepare the journal entry to record pension expense and the employers' contribution to the pension plan in 2011.

  • Q : What entry is required to revalue foreign currency payable....
    Accounting Basics :

    On September 3, 2008, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The transaction is denominated in Swiss francs (SFr).

  • Q : Estimation by an appropriate option pricing model....
    Accounting Basics :

    The exercise price is the market price of the shares on the date of grant, $14 per share. The fair value of the 4 million options, estimated by an appropriate option pricing model, is $3 per option.

  • Q : What is your total return for last year....
    Accounting Basics :

    You bought a share of 5.5 % preferred stock for $92.18 last year. The market price for your stock is now $94.17. What is your total return for last year?

  • Q : Report an accrued pension cost....
    Accounting Basics :

    No contributions have been made for 20X5 pension cost. In its December 31, 20X5 balance sheet Jerry should report an accrued pension cost of:

  • Q : List the major deficiencies in the audit....
    Accounting Basics :

    Six months later, Brewer received a telephone call from Merkle and was informed that the company was in serious financial trouble.

  • Q : Compute the gross estate....
    Accounting Basics :

    Mr. Horris dies on June 30 of the current year. Based on the following facts, compute his gross estate.

  • Q : List the internal controls over sales for each trasaction....
    Accounting Basics :

    The Meyers Pharmaceutical Company, a drug manufacturer, has the following internal controls for billing and recording accounts receivable

  • Q : Record a loss on impairment problem....
    Accounting Basics :

    The following information is available for Barkley Company's patents:Barkley would record a loss on impairment of:

  • Q : Problem based on finished goods inventory....
    Accounting Basics :

    The following information is available for the Burge Corporation for 2011: finished goods inventory on January 1, 2011

  • Q : How will the total dividend be divided....
    Accounting Basics :

    Mega Inc, has common stock and 6% preferred stock outstanding as follows: Preferred stock: 10,000 shares, $100 par value, cumulative. Common stock 50,000 shares, $50 par value.

  • Q : Straight-line depreciation related problem....
    Accounting Basics :

    Carleton Service Center just purchased an automobile hoist for $14,803. The hoist has a 5-year life and an estimated salvage value of $1,394. Installation costs were $2,841, and freight charges were

  • Q : What is the net present value of the asset....
    Accounting Basics :

    The project would require additional working capital of $8,000 which would be released at the end of the project. The company's tax rate is 30% and it's discount rate is 15%. What is the net present

  • Q : What would be net advantage of processing special export....
    Accounting Basics :

    The net advantage (incremental income) of processing Special Export further into Prime and Feline Surprise would be:

  • Q : Construct the journal entries....
    Accounting Basics :

    Construct the journal entries Company X will pass on 1st January, 30th June and 31st December with respect to its acquisition, utilization and trade of carbon emission units.

  • Q : Compute the required minimum rate of return....
    Accounting Basics :

    Mellie Computer Devices Inc. is considering the introduction of a new printer. The company's accountant had prepared an analysis computing the target cost per unit

  • Q : Problem on income taxes on redemption of bonds....
    Accounting Basics :

    On that date, K acquired all its outstanding bonds on the open market at 98 and retired them. At June 30, 2011, what amount should K recognize as gain before income taxes on redemption of bonds?

  • Q : Calculate free cash flow....
    Accounting Basics :

    Morino Corporation reported cash provided by operating activities of $360,000, cash used by investing activities of $250,000, and cash provided by financing activities of $70,000. In addition, cash

  • Q : Compute the company free cash flow....
    Accounting Basics :

    The management of Gladow Inc. is trying to decide whether it can increase its dividend. During the current year it reported net income of $875,000. It had cash provided by operating activities of $7

  • Q : Income before income taxes basics....
    Accounting Basics :

    The income before income taxes derived by Hull from this lease for the year ended December 31, 2013, should be??

  • Q : What is the noncontrolling interest''s share....
    Accounting Basics :

    On January 1, 2012, Doone Corporation acquired 80 percent of the outstanding voting stock of Rockne Company for $544,000 consideration.

  • Q : Computing basic earnings per share....
    Accounting Basics :

    What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively, for the year ended December 31, 2007?

  • Q : Appropriate total budget for the department....
    Accounting Basics :

    The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting.

  • Q : Beginning or the end of the period....
    Accounting Basics :

    Direct labor rate variance-unfavorable $8,100 Assuming that there was no inventory of work in process at either the beginning or the end of the period, the standard direct labor cost per hour is (ro

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