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1. Alpha Centuri Corporation has retained earnings of $3,100,000 on January 1, 2010. During the year, Alpha Centuri earned $1,200,000 of net income. It declared and paid a $150,000 cash dividend. In 2010, Alpha Centuri recorded an adjustment of $110,000 due to the overstatement (from mathematical error) of 2009 depreciation expense. Prepare a retained earnings statement for 2010.
condensed monthly operating income data for cosmo inc. for november is presented below. additional information
The following information comes from the accounting records for Santa Cruz, Inc., for March: Compute Total prime costs for the month of March.
Unlike other investors, you believe the Fed is going to dramatically loosen monetary policy. What would be your recommendations about investments in the following industries? Gold mining Construction
free economies use open markets to allocate resources.identify the three participants in a free business market. write
The form of alternative dispute resolution wherein the parties hire someone to review the evidence and make a decision that is binding upon the parties is called
du monde corp is considering the purchase of a new piece of equipment. the cost savings from the equipment would result
bobs bobcats can make two models of bobcats - the bill and the buck. each bill sells for 7500 has 5000 in variable
During the current year, merchandise is sold for $375,000 cash and $815,000 on account. The cost of the merchandise sold is $700,000. What is the amount of the gross profit?
kate beckwith expects to invest 11000 annually that will earn 8. how many annual investments must beckwith make to
Prepare the journal entry to record the purchase of the property, including all expenditures. Assume that all transactions were for cash and that all purchases occurred at the start of the year.
what accounting method cash or accrual would you recommend for the following businesses?a. a gift shop with average
Question 1: On December 31, 20X8, Melkor Corporation acquired 80 percent of Sydney Company's common stock for $160,000. At that date, the fair value of the non-controlling interest was $40,000.
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