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S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2016, S&L purchased Coca-Cola common shares for $790,000 and sold the shares on January 3, 2017, for $795,000. At December 31, the shares had a fair value of $786,000, and S&L has the intent and ability to hold the investment until fair value recovers.
What pretax amounts did S&L include in its 2016 and 2017 earnings as a result of this investment?
Rensing, Inc., has $800,000 of 6 percent preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share
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Net income for Sparis was $912,000 during 2011. What was the noncontrolling interest's share of Sparis' net income for 2011?
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For the assembly department unit material cost is $18 and unit conversion cost is $12 . If there are 50,000 units in ending work in process 35% complete as to conversion costs and 75% material cost, what is the cost assigned to the ending inventory?
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The standard cost of Chocolate Attack Brownies manufactured by Jordan and Taylor includes 8 ounces of cocoa powder at $12.00 per pound. During June, 27,000 pounds of cocoa powder are purchased at a cost of $11.80 per pound and used to produce 53,500 ..
Determine depreciation expense of the press using both US GAAP and IFRS - Expected future undiscounted cash flows from operating press
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Determine Margaret's adjusted basis in her partnership interest in MP Partnership at the end of 2012?
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