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the quick brick shop had an unfavorable sales price variance of 150 the budgeted selling price was 10 per unit and 50
schaefer organic farms purchased a new tractor at a cost of 80000 annual operating cash inflows are expected to be
innovation cycles uses the fifo inventory method innovation started march with 10 bicycles that cost 60 each on march
a company owns a piece of equipment with a net cost of 30000 cost of 50000 net of accumulated depreciation of 20000
a company acquires a bulldozer for 500000 the useful life of the bulldozer is 10 years the treads with a value of 50000
three different companies each purchased a machine on january 1 2014 for 84000 each machine was expected to last five
on 112014 the jackson co has a 40000 debt outstanding which matures on 123116nbspnbsp interest which is payable on dec
true or false1 reports and analysis prepared in traditional management settings will match the requirement of the new
cabigas company manufactures two products product c and product d the company estimated it would incur 167140 in
under ifrs there exists an account referred to as the ldquorevaluation surplusrdquo accounta what type of account is
true or false1 process cost reports are prepared for each of the processes or work cells2 the number of equivalent
a company owns a building with a net asset value of 120000 at december 31 2011 the building had a five-year remaining
a french company reporting using ifrs purchased its only building on january 1 2009 for euro20000000 the building has a
1 the following information was taken from a companys records for the plant and equipment accountplant and equipmentbeg
some companies carry essentially no long term debt and only a minimal amount of short term debt in their capital
for mortenson company the following information is availablecost of goods sold nbspnbspnbspnbspnbspnbspnbspnbspnbsp
identify whether the transaction is a financing investing or operating activitya compton purchased a tract of land from
1 which ratio can be used to assess how much profit was made on average on each dollar of sales after deducting the
a review of the december 31 2014 financial statements of somer corporation revealed that under the caption
an analyst compiled the following information for maccs inc for the year ended december 31 2010 net income was 1700000
a supplier of aircraft parts to an aircraft manufacturer has noticed an increase in inventory as a result of this will
suppose you are an accountant for a large retail company at the end of the quarter the general manager gm tells you
young corporation incurred research and development costs of 500000 in 2014 in developing a new product record the
tandem industries purchased a patent on january 1 2014 for 2000000 the patents legal life is 20 years but the company
garbo company acquired equipment on january 1 2013 for 70000 it is estimated that the equipment will have a 5000