Find the latest date that lang can file
Several individuals from Lang Corporation on May 1, 2010. The corporation begins acquiring assets on June 1, 2010, and begins business on August 1, 2010. What is the latest date that Lang can file Form 2553 requesting S corporation status?
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A new extended-life light bulb has an average service life of 743 hours, with a standard deviation of 49 hours. If the service life of these light bulbs approximates a normal distribution, about what percent of the distribution will be between 645
What would operatingincome beif 20,000 units of A, 80,000 units of B, and 100,000 units of C were sold? What is the new break even point in units if these relationships persist in the next period?
On January 1, Denton Mabrey College received $1,200,000 in Unearned Tuition Revenue from its students for the spring semester, which spans four months beginning on January 2. What amount of tuition revenue should the college recognize on January 3
Cheap Toys sells merchandise to the general public for cash or credit. It accepts several major credit cards. The company pays an average fee of 4% of sales to the credit card companies and 6% to the State of Florida in sales taxes.
The amount of the short-term notes payable that should be reported as current liabilities on the Dec 31, 2010 balance sheet which is issued on March 5,2011 is ??
Wayne`s Steaks, Inc., has a 9 percent, noncallable, $ 100-par-value preferred stock issue outstanding. On January 1 the market price per share is $ 73: Dividends are paid annually on December 31: If you require a 12 percent annual return on this i
A credit for $191 to accounts payable was accidentally posted as $119. By what amount is the accounts payable in error?
Prepare the journal entries to record the allocation of manufacturing overhead.
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