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Could you explain the importance of maintaining accurate records in regard to income, expenses, profit, budgeting, and forecasting for a restaurant?
50-100 words.
If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?
What are the arguments for and against the alternatives for the handling of bargain acquisition? Why are such acquisitions unlikely to occur with great frequency?
Grossmont Company reports $1,375,500 of net income for 2009 and declares $192,500 of cash dividends on its preferred stock for 2009. At the end of 2009, the company had 350,000 weighted-average shares of common stock.
Discuss the main accounting conventions and concepts.
Carey sold its headquarters building at a gain, and simultaneously leased back the building. The lease was reported as a capital lease. AT the time of the sale, the gain should be reported as:
Albert is in the 35% marginal tax bracket. He sold a building in the current year for $450,000. Albert received $110,000 cash at closing, the buyer assumed Albert's mortgage for 120,000, and the buyer gave Albert a 6% note for $220,000 due in two ..
Pare Long-Haul, Inc. is considering the purchase of a tractor-trailer that would cost $104,520, would have a useful life of 6 years, and would have no salvage value.
Hale Company makes sets of wrenches. They are trying to decide whether to continue to make the case the wrenches are sold in, or to outsource it to another company. The direct material and direct labor cost to produce the cases total $2.00 per cas..
Three years later, the shareholder ssells the land for $220,000. What is his realized gain or loss?
Estimated of total cash inflows (not discounted) from selling products made in California. $30,000,000. The fair value of the California plant is estimated to be $24,000,000. Determine the amount of impairment loss, if any.
Assume a present and future enacted income tax rate of 30%. What amount should be added to Gore's deferred income tax liability for this temporary difference at December 31, 2011?
A company that changes from the declining-balance method of depreciation for previously recorded assets to the straight-line method should report the change as a(n)
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