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Q : Calculate the amount of net short-term capital gain nstcg....

Accounting Basics :

question - consider the four independent situations below for an unmarried individual and analyze the effects of the

Q : The taxable gift was 300000 because the annual exclusion....

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question - during the current year stan sells a tract of land for 800000 the property was received as a gift from

Q : Doug receives a duplex as a gift from his uncle to....

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question - doug receives a duplex as a gift from his uncle the uncles basis for the duplex and land is 90000 at the

Q : Tracy owns a non-depreciable capital asset held for....

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question - tracy owns a non-depreciable capital asset held for investment the asset was purchased for 250000 six years

Q : Compute the amount of depreciation expense for 2011 and....

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question - in january 2011 rogers co purchased a machine that cost 85000 the equipment is estimated to have a 5-year

Q : During the year the company incurred overhead costs of....

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question - kaplan company inc uses a normal costing system and estimated its overhead costs for the current year to be

Q : Determine the amount of sales revenue mccarty will report....

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problem 1 - effect of order quantity on special order decisionellis quilting company makes blankets that it markets

Q : Soto corporations balance sheet indicates that the company....

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problem - return on investmentsoto corporations balance sheet indicates that the company has 300000 invested in

Q : Briefly explain the usefulness of the disclosure of an....

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question - briefly explain the usefulness of the disclosure of an entitys accounting policies by reference to the

Q : Colin technologys cost of equity capital is estimated at 13....

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question - after careful financial statement analysis we obtain these predictions for colin technologyyear net income

Q : The variable cost per unit was 30 and baysides margin of....

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question - for 2012 bayside corporation sold 130000 units of its product for 35 each the variable cost per unit was 30

Q : Beginning raw materials inventory - 53200 direct labor -....

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question - information for the ace manufacturing company followsbeginning raw materials inventory ---- 53200beginning

Q : The tax rate in the united states is 34 percent if the....

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question - assume that a us company has a subsidiary in the united kingdom that earned 100000 translated from pounds to

Q : The markup on the merchandise is 10 what is the net amount....

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question - assume that a wholesaler purchased goods from a manufacturer for pound3450 gross price the vat is 15 and the

Q : Assume that lewis international sells running shoes to a....

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question - assume that lewis international sells running shoes to a british importer on june 1 and the sale is

Q : A company sells computers at a selling price of 1800 each....

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question - a company sells computers at a selling price of 1800 each each computer has a 2 year warranty that covers

Q : The company applies overhead on the basis of 125 of direct....

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problem - the following calendar year information about the tahoma corporation is available on december 31the company

Q : Straight-line depreciation was used throughout the machines....

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question - a company purchased a machine for 75000 that was expected to last 6 years and to have a salvage value of

Q : The bank erroneously cleared a 480 check against the....

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problem - the following information is available to reconcile litner cos book balance of cash with its bank statement

Q : Kirby and his wife melinda own all of the stock of thrush....

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question - kirby and his wife melinda own all of the stock of thrush melinda is the president and kirby is the vice

Q : Required determine the amount if any of the impairment loss....

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question - el dorado foods inc owns a chain of specialty stores in the pacific northwest recently four of the stores

Q : Surf products company uses an automated process to clean....

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question 1 - jordana woolens is a manufacturer of wool cloth the information for march is as followsbeginning work in

Q : Record the following transactions in the journal of howell....

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questions -q1 requirementsa record the following transactions in the journal of howell consulting explanations are not

Q : Currently the unit selling price of a product is 300 the....

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question - currently the unit selling price of a product is 300 the unit variable price cost is 225 and the total fixed

Q : Lori who is a single purchased five-year class property for....

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question - lori who is a single purchased five-year class property for 100000 and seven-year class property for 200000