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1. Let's assume you own 40% of another company. That other company has net income of $100,000 and pays out total dividends of $80,000.
What is our journal entry(ies)?
2. So assume we own 10% of another company. That company has net income of 80,000 ans makes dividend distributions of 50,000.
Sudler Production is planning to sell 600 boxes of ceramic tile, with production estimated at 580 boxes during May. Each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. Clay mix costs $0.50 per pound and employees of th..
Five years ago, Forestcrest signed a consent decree with the North Carolina Environmental Protection Agency. The company had been convicted of dumping pollutants (such as bleaching and dyeing chemicals) into the local river. The consent decree provid..
A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. ..
Research Problem 2. Stuart is a columnist for a metropolitan newspaper. He holds a degree in journalism from a major midwestern university. For the past 10 years, Stuart has prepared his own income tax returns. He finds doing so to be challenging and..
Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2014, of $46,130,000 under the LIFO inventory method
Describe the current convergence efforts of the FASB and IASB in the area of accounting for taxes. Need more help on this one?
Assume that Suarez will continue to use this asset in the future. As of December 31, 2014, the equipment has a remaining useful life of 4 years. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2014. Prepare th..
Great Lakes Boat Company manufactures sailboat hulls at a cost of $4200 per unit. The hulls are sold to boat-yards for $5000. The company is evaluating the desirability of adding masts, sails, and rigging to the hulls prior to sale at an additional c..
Under the accrual basis of accounting, expenses are reported in the accounting period when the - Resources owned by a company (such as cash, accounts receivable, vehicles) are reported on the balance sheet and are referred to as. A typical entry in t..
The LIFO inventory method assumes that the cost of the latest units purchases and The common characteristic possessed by all assets
Investors always act in a completely rational manner. Under the Prospect Theory which statement is true. What is a breakout in reference to support and resistance levels? When a put-call ratio is at .90 there is pessimism from option traders
Armcor Inc. is in a rapidly growing technological industry. Would you expect the company to have a high or low dividend payout ratio?
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