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if the net income after taxes is $35,700 for FIFO and $29,400 for LIFO, how much higher is the manager's bonus if FIFO is adopted? The tax rate is 30% and the bonus rate is 20%.
Explain how "rules-based" accounting standards differ from "principles-based" standards. How might fundamentally changing accounting standards from bright-line rules to principle-based standards help prevent another Enron-like fiasco in the future..
sanchez manufacturing purchases 45000 of raw materials on account and it incurs 50000 of factory labor costs.supporting
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the ctl company has two divisions electronics and dvdvideo sales. electronics has traceable fixed expenses of 146280
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ball company sells merchandise on account for 1500 to edds company with credit terms of 210 n30. edds company returns
the following direct materials and direct labor data pertain to the operations of laurel company for the month of
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tom and sandy were divorced on july 7 2011. under the divorce degree sandy received full custody of their three
a department store has budgeted sales of 12000 mens suits in september. management wants to have 6000 suits in
huron company produces a commercial cleaning compound known as zoom. the direct materials and direct labor standards
The following answer needs to be 300 words: What is a stock redemption? What are some reasons for redeeming stock? Why are some redemption treated as sales and others as dividends?
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