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Problem: Associated Corporations - Coco Inc.
Mrs. Winkler owns 100% of the shares of Coco Inc. Mrs. Winkler's daughter, Annie, owns 70% of the shares of Bobot Inc. The remaining shares of Bobot Inc. are held by Coco Inc.
Required: Determine whether Coco Inc. and Bobot Inc. are associated corporations.
Determine the equivalent units of production with respect to (a) direct labor and (b) direct materials. Compute both the direct labor cost and the direct materials cost per equivalent unit.
1.a company issued 10-year 8 bonds with a par value of 200000. the company received 190000 for the bonds. using the
The type of adjusting entry needed at year-end (Use the following codes: A, adjustment of a prepaid expense; B, adjustment of an unearned revenue; C, adjustment to record an accrued expense; or D, adjustment to record an accrued revenue.)
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