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1. Company G, which has 30% marginal tax rate, owns a controlling interest in company J, which has a 12% marginal tax rate. Both companies perform engineering services. Company G is negotiating a contract to provide services for a client. Upon satisfactory completion of services, the client will pay $85,000 cash.
2. Compute the after tax cash from the contract assuming that Company G is the party to the contract and provides the services to the client?
Assuming that the company's $337,485 ending Finished Goods Inventory account for year 2011 had $137,485 of direct materials costs, determine the inventory's direct labor costs and its overhead costs.
outdoor outfitters has created a flexible budget for the 70000-unit and the 80000-unit levels of activity as shown
prepare a cash receipts journal based on the information given below and post it to the accounts receivable subsidiary
The estimated revenues control account of star city general fund is eliminated when:
the following is a partial trial balance for general lighting corporation as of december 31 2013nbspnbspaccount
Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?
peaceful corporation manufactures figurines based on the following information.standard costs20materials 4 ounces at
leila company began an operating lease arrangement with debco industries which was slated to begin on january 1 at
Prepare the journal entries for the original purchase, dividend and sale.
linda and don are married and file a joint return. in 2014 they received 12000 in social security benefits and 35000 in
control alt design acquired 30 of the outstanding common stock of walter company on january 1 2012 by paying 958000 for
Great Inc. has 8,000 shares of 5% $100 par non-cumulative preferred stock and 200,000 shares of $1 par common stock outstanding. Great Inc. declared a $500,000 dividend for the year 2008. No dividends were paid in 2007. Compute the dividends to pre..
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