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BBB Company's balance sheet and income statement follow: BBB COMPANY Income Statement For Year Ended December 31, 2011 Sales $38,000 Operating expenses: Depreciation expense $ 2,800 Other operating expenses 35,000 37,800 Operating income 200 Gain on sale of land 800 Income before tax expense 1,000 Tax expense 500 Net income $ 500 Supplemental information: Dividends declared and paid $ 4,350 Land sold for cash 1,800 Equipment purchased for cash 3,500 Common stock sold for cash 3,800 Required a. Prepare a statement of cash flows for the year ended December 31, 2011. (Present the cash flows from operations using the indirect method.) b. Comment on the statement of cash flows.
If the total dollar value of the inventory is $80,000 and the cost per equivalent unit for labor and overhead is $6.00, what is the cost per equivalent unit for materials?
the watson trust incurred the following items during the year. partnerships basis in asset assets fair market value
Compute the EUP for direct material, direct labor, and overhead using weighted average process costing. Compute the EUP for direct material, direct labor, and overhead using FIFO process costing.
heller cannery inc. uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs.
etson co. sold 20600 units of its only product and incurred a 55028 loss ignoring taxes for the current year as shown
in january reyes tool amp dye requisitions raw materials for production as follows job 1 900 job 2 1200 job 3 700 and
on september 1 2011 core companys balance sheet indicates there are 600000 shares of 30 par value common shares in the
ollie mace has recently been appointed controller of s. dilley amp company a family-owned manufacturing firm founded 28
jo companys single product sells for 50 per unit. jo sold 8000 units in 2009 her first year of operation and 8000 units
on january 4 2013 runyan bakery paid 350 million for 10 million shares of lavery labeling company common stock. the
in the current year alice reports 150000 of salary income 20000 of income from activity x 35000 and 15000 losses from
preparing a comprehensive
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