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At May 25, 2003, meeting, the Company approved a plan that a facility in Arkansas was to be closed on October 1, 2004, terminating 300 employees working there.One June 1, 2003, notified the employees of the restructuring plan. In order to encourage the employees to stay at the facility until the termination date, the company agreed to pay each employee $20,000 on April 1, 2005, six months after termination.Based on its traditional annual employee turnover of 80.5%, the company anticipated that 242 employees will collect the benefit. The present value factor of 0.98039 for the six-month period.1. In reporting to its U.S.- based on US GAAP, provide all journal entries for June 1st 2004, June 30th 2004, October 31st 2004, Nov 30th 2004 for restructuring program.2.1. In reporting to its U.K.- based on IFRS, provide all journal entries for June 1st 2004, June 30th 2004, October 31st 2004, Nov 30th 2004 for restructuring program.
do a trend analysis for 1988 through 1990 and common-size statements for 1988 1989 1990 and the first quarter of 1991.
wisconsin warning co. plans to finance its operations by issuing 20000000 of 10 year 10 bonds with interest payable
Why are time-based depreciation methods used more frequently than activity-based methods?
1. a and b are married are both age 50 and have two dependent children c aged 18 and d aged 20 and live in
What is country risk analysis? How is this analysis conducted? Is country risk analysis an effective tool in determining the desirability of establishing a manufacturing site or other mode of entry?
ann and irene transfer their respective businesses and form aib corporation. ann exchanges her property with a basis to
The difference between the equipment account balance and the accumulated depreciation, equipment account balance is called:
1. what is the normal procedure for new customers or customers making a purchase that causes their credit limit to be
Sammy County is preparing financial statements for the year ended December 31, 2012. Based on the following facts, prepare journal entries to record the appropriate year end revenue accruals and other adjustments in the county, General Fund.
The concept of operating leverage Signifies to which of the following?
Angel is looking to expand her current business, Sports Nation. She currently has been providing training at her basketball court, but wants to seize a rare opportunity to purchase adjacent land so that she can develop an entire facility for a..
abc corporation has 1000 outstanding stock sharesshareholder e owns 100 shares with an adjusted basis of
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