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In your own words state the primary uses the GASB believes external users have for financial reports of state and local governments. For contrast, state the uses the FASB believes external users have for the financial reports of not-for-profit organizations.
Calculate the relevant rates that were used by Coca-Cola and PepsiCo in computing their pension amounts. Determine which company you would rather invest in if you were a potential shareholder. Justify your answer.
Over head application to job- How much overhead should be applied to Job No. B12
The ending inventory of 6,000 chairs was 100% complete as to materials and 40% complete as to labor. Compute the cost transferred out to finished goods. Compute the ending work in process inventory balance.
For each ratio listed, explain what it tells about the financial health of a company (while it is acceptable to include the ratios' formula, this is not where your answers could be focused).
legal and accounting fees to set the business up and $9,000 for staff training. What are the tax consequences to Justin for these expenditures when the restaurant opens in July? For Rachel?
Prepare an incremental analysis in good form to find out the incremental effect on profit of discontinuing the snail extraction tool line.
Capacity utilization effect on product mix and profitability and describe how capacity utilization affects product mix and profitability.
Straight-line depreciation was used throughout the machine's life. Calculate the depreciation expense for the fourth year of the machine's useful life.
Over how many years should Sooner or Later recognize compensation cost associated with the stock options, and how much, if any, should be recognized in each of those years? The effects of forfeitures and income taxes should be ignored.
Calculate the total amount of a cash dividend of $1.00 per share. What accounts for the difference between issued shares and outstanding shares?
What problems are related with using the average cost per unit as a performance measure and what problems are related with using the variable cost per unit as a performance measure?
Consolidated financial statements were prepared for 2011. Illustrate what adjustment would have been required for the retained earnings balance as of January 1, 2011?
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