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Tan corporation, a publishing company, had accumulated earnings and profits of $155,000 at the end of last year. During the current year the company had current earning and profits of $120,000 and paid cash dividends of $25,000 at the beginning of Septementy. You determine that $104,000 of the current and accumulated earnings and profits for the year is required for the reasonable needs of the business. The allowable accumulated earnings credit for the year is?
Expenditures were 4000000 in 2011 and 2050000 in 2012 which included a change to the original construction design in the amount of 50000. what amount should be added to net capital assets in the governmental accounts in 2012?
The Audit Committee of the board of Directors is unfamiliar with the professional and ethical standards that govern the conduct of an audit and the issuance of an audit opinion.
Financial interpretation No. 46R, "Consolidation of Variable Interest Entities," reference several FASB Concepts Statements in motivating the need to identify and consolidate variable interest entities.
With respect to the three reports in comparison: Income Statement, Cash Flow Statement, and Balance Sheet how can I "zero" in, or in laymen's terms, do an efficient comparison.
Carrie Overwood works fluctuating work schedules. Besides her fixed salary of $1050 per week, her employment agreement provides for overtime pay at an extra half-rate for hours workded over 40.
During 2012, Lorraine sold the following assets: business equipment for a $8,000 loss, stock investment for a $10,000 loss, and her principal residence for a $26,000 loss. how much of these losses may Lorraine claim on her 2012 return?
In 2011 a company report earning per share of $10.00 when its stock was selling for $220. In 2012, its earning increased by 14%. If all the relationship remains constant, what is the price of stock for 2012?
A substantial number of hours was spent by Raleigh and Mincin in resolving relatively minor differences between the confirmation replies and the accounting records. Alternative audit procedures were used for supplier who did not respond to the con..
Swanson Inc. purchased $400,000 of Malone Corp. ten-year bonds with a stated interest rate of 8 percent payable quarterly. At the time the bonds were purchased
What is the definition of unrealized intercompany profit.
Explain when you would use a process costing system and what the purpose of equivalent units is.
Determine the adjustment to income due to the change in accounting method and the amount that is allocated to 2005.
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