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two classes of stock authorized 100 par preferred and 2 par commonhow do you record this transactionmay 18 issues 30000 additional shares of 2 common
explain-q why is the statement of cash flows usefulq how is it possible for a company to suffer a net loss for a given year yet produce a positive
the following are three independent situations where the reporting entity for which financial statements are being prepared are underlined every
a company constructs a building for its own use construction began on january 1 and ended on december 30 the expenditures for construction were as
hale company makes sets of wrenches they are trying to decide whether to continue to make the case the wrenches are sold in or to outsource it to
keira knightley company buys a piece of equipment for 36442 that will last for 7 years the equipment will generate cash flows of 7000 per year and
tylers consulting company has purchased a new 15000 copier this overhead cost will be shared by the purchasing accounting and information technology
the following data pertains to an investment proposalrequired investment 400000annual cost savings 105700projected life of investment 6
shipshape company makes 2 different types of boats commercial fishing and sail boats both for recreation and competition the company consists of two
on january 1 2012 morgans motors issued 500000 of 3-year 8 bonds when the market yield was 6 the bond agreement stated that compounding was
bubble corporation manufactures two products i and ii from a joint process a single production costs 4000 and results in 100 units of i and 400 units
brandywine homecare a not-for-profit business had revenues of 12 million in 2011 expenses other than depreciation totaled 75 percent of revenues and
raw materials manufacturing overheadbal 11 36000 credits debits 383000 credits debits 470000bal 123 156000work in processbal 11 73000 credits 770000
corporation has determined the contribution margin ratio is 35 and the income tax rate is 40requireda assume break-even volume in dollars is 1500000
the following activities relating to indirect production costsactivity activity costs cost driversmachine setup 180000 1500 setup hoursmaterials
the manufacturing division of an electronics company uses activity-based costing the company has identified three activities and the related cost
information for the year ended december 31 2010direct labor 16840direct material used 16300general and administrative expenses 14240indirect
advertising expense 17200wages expense-assemblers 36840depreciation expense-machines 21480utilities expense-factory 21120wages expense-lathe
a company adds overhead costs to jobs at the rate of 8 per direct labor hour it accumulates overhead costs in a seperate manufacturing overhead
allie forms broadbill corporation by transferring land basis of 125000 fair market value of 775000 which is subject to a mortgage of 375000 one month
the following data is available regarding costs and unitsobservation machine-hours total operating costsjanuary 4000 45900february 5000 52500march
o locate a store but the location manager is not sure about the rent method to accept the mall operator offers the following three options for its
sanderson company has the following production data for march no beginning work in process units started and completed 28030 and ending work in
campground inc is considering the production and sale of propane lamps annual fixed costs associated with the project are expected to total 60000 in
on january 1 2013 vki corporation awarded 12 million of its 1 par common shares to key personnel subject to forfeiture if employment is terminated