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On January 1,2009 Athlon company acquired 30% of the common stock of Opteron Corporation, at underlying book value. For the same year, Opteron reported net income of $55,000 which includes an extraordinary gain of $40,000. It did not pay any dividends during the year. By what amount would Athlon's investment in Opteron Corporation increase for the year, if Athlon used the equity method.
Record pension expenditures are not always influenced by actuarial computations.
Compare the equity technique of accounting to the fair value technique for equity securities. In what cases would you employ each?
Post Inc, had a receivable from a foregn customer that is payable in customer's loca currency. On Dec 31, 2009, Post correctly included this receivable for 200,000 local currency units
At the end of 2011, Tatum Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $28,000. On January 24, 2012, it is learned that the company's receivable from Novinger Inc-Make the journal entries to record the payment.
During the year, Katie received the following: What amount must Cathy include in gross income?
Because of the uncertainty for the future cash flows and the discount rate, we cannot complete the balance sheet if we do have the income statement first. (a) Please discuss for how the uncertainty is related to earnings quality. (b) Can the uncer..
Suppose her marginal tax rate is 40 % this year and next year, and that she can earn an after-tax rate of return of 8% on her investments.
Compare the accounting systems in 2 countries with differing legal systems. Explain why each country's system is the way it is.
Prepare the bank reconciliation for company.
Would each of the following increase, decrease, or have an indeterminant effect on a firm's breakeven point (unit sales)?
On August 31, 2008, Devs Autoparts Company sold $8,000 worth of parts to Metro Repair Company. The terms of the sale were n/90. Devs receivable policy is to start charging interest of 9% (annually) on all balances over 90 days. Interest is accrued..
Use information from the latest financial statement to compute operating leverage, ROI, EVA and another performance measure of Textron,
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