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1. Oliver Corporation has owned stock of Conrad Corporation since 2007. At December 31, 2010, its balances related to this investment were: Available-for-Sale Securities $185,000 Securities Fair Value Adj (AFS) 34,000 Dr. Unrealized Holding Gain or Loss-Equity 34,000 Cr. On January 1, 2011, Oliver purchased additional stock of Conrad Company for $475,000 and now has significant influence over Conrad. If the equity method had been used in 2007-2010, income would have been $33,000 greater than dividends received. Prepare Oliver's journal entries to record the purchase of the investment and the change to the equity method.
on december 31 prior to adjustments the balance of accounts receivable is 16000 and allowance for doubtful accounts has
byrd company produces one product a putter called go-putter. byrd uses a standard cost system and determines that it
the milling department uses standard machine hours to allocate overhead to products. budgeted volume for the year was
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Trend forecasters, sometimes called "futurists," use three "P's": Possible, Probable, and Plausible. "Possible" includes the "outliers" on the classic bell curve. "Probable" narrows the spectrum to the mean, median, and mode at the top of the be..
bostonian inc. has a number of divisions including delta division and listennow division. the listennow division
What are the key components of cost reimbursement contracts and performance contracts. Which, in your opinion, is best suited for a human service organization?
You suspect that your immediate supervisor is involved in a significant fraud involving divertingof company assets to personal use. Briefly describe the steps you might take to resolve this dilemma.
use the following information to answer this question increase in inventories 28 purchased treasury stock 17
a co. applies overhead on the basis of direct labor dollars using a rate of 1.65 per hr. how much overhead would be
1. why is the balance sheet considered a point in time statement? 2. what is a fiscal year? why might an organization
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