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1.At the beginning of 2013, Pioneer Products' ownership interest in the common stock of LLB Co. increased to the point that it became appropriate to begin using the equity method of accounting for the investment. The balance in the investment account was $44 million at the time of the change but would have been $56 million if Pioneer had used the equity method and the account had been adjusted for investee net income and dividends. How should Pioneer report the change? Would your answer be the same if Pioneer is changing from the equity method rather than to the equity method?
Which of the following is not a benefit of budgeting? A) It ensures that accounting records comply with generally accepted accounting principles. B) It provides benchmarks for evaluating subsequent performance.
The factor charges a factoring fee of 3 percent of the receivables sold. How much cash does Imperative receive on the sale? Calculate the factoring fee and describe how it is reported by Imperative Company. All else equal, how will this affect Impera..
on january 5 2010 phelps corporation received a charter granting the right to issue 5000 shares of 100 par value 8
Carson Inc., a retail establishment, expects sales of $500,000 of a particular item in March. Its gross profit percentage is 60 percent. The ending inventory in February of this item cost $40,000 and the company wants an ending inventory of $38,00..
Basic present value calculations
the plenty almond company operated with three producing departments cutting dividing and shelling which are serviced by
jj is in need of raising money to expand the company and has identified the methods that he is considering. using the
variable costs................................180000fixed costs.......................................2400001.martin
What is the carrying value of the outstanding Carlin Corporation 5-year bonds on January 1, 2011? (Assume straight-line amortization.)
at the end of the year x company had sold 64600 units of its regular product for 897940. a company offered to buy 4850
She also expected additional case expenses amounting to $3,000 per years. The cost of capital is 12%. Assume there are no income taxes.
What was the amount of earnings per share? In 2004, Coca Cola reported net operating revenues of$18,158 million, gross profit of $7,387 million, operating incomeof $1,436 million,
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