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Determine the pension liability/asset to be recorded and determine the 2012 amortization of the net gain.
Illustrate what problems are associated with using the average cost per unit as a performance measure? What problems are associated with using the variable cost per unit as a performance measure?
Find the activity variance for revenue? Describe this variance and find the spending variance for the cost of ingredients? Describe this variance.
What are distributive shares for each partner, assuming they all continue to hold their interest at the end of the year? What are Becky and Chuck’s distributive shares for the current year?
Prepare the 1st January, 2011, journal entry to record the bonds' issuance and Prepare first two years of an amortization table using straight-line method.
Assume Dawson has the ability to significantly influence the operations of Sacco. Illustrate what is the equity in income of Sacco for 2011?
Assume if PowerPunch sells for $7.25 per bottle, how much profit does the company earn per bottle of PowerPunch that it sells? Illustrate what is the minimum price that the company should set per bottle of SlimLife?
Create he journal entry to record the purchase of treasury stock by the cost method. 5,000 shares of treasury stock are reissued at $33 per share. Prepare the journal entry to record the reissuance by the cost method.
Journal entries for received balance due on the sale on account. Sold Merchandise Inventory for $123,340 cash. No shipping charges were incurred related to the sale.
Determine the appropriate income statement presentation (sales, cost of sales, gross profit, operating income or expense, non-operating income or expense) for each item noted above. Note that L&L presents a subtotal for operating income on the income..
Budgeting involves computation of cash budget - which is also its minimum required cash balance. There is an outstanding loan of $2,000 on March 1. Prepare a cash budget for March, April, and May.
Land, Buildings, and Machinery - Prepare a schedule showing the amounts to be recorded as Land, Buildings, and Machinery.
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