Fiore reported net income
Kaye Company acquired 100% of Fiore Company on January 1, 2009. Kaye paid $1,000 excess consideration over book value which is being amortized at $20 per year. Fiore reported net income of $400 in 2009 and paid dividends of $100.
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The income statement for a corporation for the month of December indicates a net income of $120,000. During the same period $130,000 in cash dividends were paid.
Elliot Page, Inc. manufactures and sells two products, backpacks and purses. Annual sales in units of each, labor time per unit and total manufacturing time per year are described below:
The followin transactions were incurred by dimasi industries during january 2010 : 1. issued $800,000 of direct material to production 2. paid $40,000.
Market prices are $1,035 for bonds, $19 for preferred stock, and $35 for common stock. There will be sufficient internal common equity funding (i.e., retained earnings) available such that the firm does not plan to issue new common stock.
The group product manager for ointments at American Therapeutic Corporation was reviewing price and promotion alternatives for two products.
On December 31, Year Three, Fairfield's auditors raise concerns that the plant's market value might be below its net book value due to the failure of the Jphone to gain market share.
Executives of Studio Recordings, INC produced the latest compact disc by the Starshine Sisters Band, titled Sunshine.Moonshine. The Following cost information pertains.
Flagler Company allocates overhead based on machine hours. They estimated overhead costs for the year to be $420,000. Estimated machine hours were 50,000.
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