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On January 1, 2011, Bangle Company purchased 30% of the voting common stock of Sleat Corp. for $1,000,000. Any excess of cost over book value was assigned to goodwill. During 2011, Sleat paid dividends of $24,000 and reported a net loss of $140,000. What is the balance in the investment account on December 31, 2011?
Valentino is a patient in a nursing home for 49 days of 2015. While in the nursing home, he incurs total costs of $19,404. Medicare pays $11,642 of the costs. Valentino receiv
Calculate the past service costs included in 2009 net pension expense (or revenue) under IAS 19. Compute the past service costs included in 2009 net pension expense (or reve
Sandblasting equipment acquired at a cost of $105,000 has an estimated residual value of $6,000 and an estimated useful life of 10 years. It was placed in service on April 1 o
The company desperately needs a loan. The Moss Exports board of directors is considering ways to put the best face on the company's financial statements. Moss's bank closely
A local pest control company has purchased equipment costing $150,000 with an estimated lifetime of 7.5 years using straight line depreciation. Additional fixed costs per year
You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized fo
To finance the production of a new Temper Control Box, Donald's Anger Management issued 200 bonds at a value of $1,000 per bond with an underwriting commission of 1.75%. Donal
A plot of data that results in one extreme observation MOST likely indicates that: more than one cost pool should be used an unusual event such as a plant shutdown occurred du
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