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Q : Xxx corp acquired a 25 interest in trent co on january 1....

Accounting Basics :

question - xxx corp acquired a 25 interest in trent co on january 1 2010 for 500000 at that time trent had 1000000

Q : Determine the following for 2013- the number of shares to....

Accounting Basics :

question - on june 1 2011 bluhm company and amanar company merged for form davenport inc a total of 800000 shares were

Q : Its not unusual for one company to buy another company in....

Accounting Basics :

question - its not unusual for one company to buy another company in order to obtain technology that the acquired

Q : Prepare the journal entries to record the restricted stock....

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question - derrick company issues 4000 shares of restricted stock to its cfo dane yaping on january 1 2012 the stock

Q : Assume parry uses the direct method and a perpetual....

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enter the effect on income with the write down of inventory at december 31 each year under each methoddecember 31

Q : Prepare the necessary journal entries related to the stock....

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question - on january 1 2011 scooby corporation granted 10000 options to key executives each option allows the

Q : During may cheshire produced 5500 units budgeted fixed....

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question - cheshire inc allocates fixed overhead at a rate of 18 per direct labor hour this amount is based on 90 of

Q : Raceway company reported the following balance sheet....

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problem - raceway company reported the following balance sheet amounts at december 31 2007current assets 70000current

Q : In 2000 genentech reported a current ratio of 396 and in....

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question - in 2000 genentech reported a current ratio of 396 and in 2001 it was 339 in examining their balance sheet

Q : Cost of equipment 20000 accumulated depreciation 12500 if....

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question - cost of equipment 20000 accumulated depreciation 12500 if the partner deemed the market value to be 9000 how

Q : All materials at jataca are added at the beginning of the....

Accounting Basics :

problem - the following information related to the assembly dept of jataca corporation for the month of

Q : What is an extraordinary item in accounting and why is it....

Accounting Basics :

what is an extraordinary item in accounting and why is it classified as extraordinarywhy do all the credits and debits

Q : What amount of equity income would atlarge have recognized....

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question - atlarge inc owns 30 of the outstanding voting common stock of ticker co and has the ability to significantly

Q : Total manufacturing cost for the month of feb at shilka....

Accounting Basics :

question - total manufacturing cost for the month of feb at shilka manufacturing corporation was 345000 the following

Q : Compute the depreciation charge for 2015 under each of the....

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depreciation computations five methods -jon secada furnace corp purchased machinery for 315000 on may 1 2014 it is

Q : Prepare an income statement for the year in good form the....

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question - baar company is a manufacturing firm that uses job order costing the companys inventory balances were as

Q : Compute the cost of the ending inventory under the fifo....

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retail inventory methodekc company uses the retail inventory method the following information for 2016 is

Q : Units completed and transferred out 20000 what total amount....

Accounting Basics :

question - onitsha corporation uses a weighted average process costing system to collect costs related to production

Q : You are requested by a client on september 28 to prepare an....

Accounting Basics :

you are requested by a client on september 28 to prepare an insurance claim for a theft loss that occurred on that day

Q : On december 31 2008 jarnigan co estimated that 2 of its net....

Accounting Basics :

question - on december 31 2008 jarnigan co estimated that 2 of its net sales of 400000 will become uncollectible the

Q : Calculate the total applied overhead for the year 2016 the....

Accounting Basics :

problem 3-37a red fire inc produces fire trucks the company uses a normal job-order costing system to calculate its

Q : Prepare the subsequent events memo as instructed in the....

Accounting Basics :

identify accounts with material fluctuations a material fluctuation is defined as an account that has increased or

Q : If hixson uses the direct write-off method to account for....

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problem -the ledger of hixson company at the end of the current year shows accounts receivable 120000 sales 840000 and

Q : What would be the new operating income hamilton and battles....

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hamilton and battles ltd produces and sells two products-guitar cases and violin cases each of these products is made

Q : Topeka stores accepts both its own and national credit....

Accounting Basics :

question - topeka stores accepts both its own and national credit cards during the year the following selected summary