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ABC Corporation has three service departments with the following costs and activity base: Service Department Cost Activity Base for Allocation Graphics Production $200,000 # of copies Accounting $500,000 # of invoices processed Personnel Department $400,000 # of employees ABC has three operating divisions, Micro, Macro and Super. Their revenue, cost and activity information are as follows:
Micro Macro Super
Direct Revenues $700,000 $850,000 $650,000
Direct Operating Expenses $50,000 $70,000 $100,000
How much service department cost would be allocated to the Super Division?
Determination of Taxable Gifts. In the current year, David gives $180,000 of land to David, Jr. In the current year, David's wife gives $200,000 of land to George and $44,000 cash to David, Jr. Assume the couple elects gift splitting for the curre..
In 2008, the company sold 675,000 boxes of Frosted Flakes and customers redeemed 330,000 box tops receiving 110,000 bowls. If the bowls cost Milner Company $2.50 each, how much liability for outstanding premiums should be recorded at the end of 20..
nanotech inc. has a bond issue maturing in seven years that is paying a coupon rate of 10.42 percent semiannual
Whip, Inc., is a calendar year S Corporation. Whip's book income this year totals $90,000. Whip is owned equally by three shareholders. From supplemental data, you obtain the following information about items that are included in book income.
in light of the full disclosure principle investors and creditors need to know the balance for assets liabilities and
a corporation has the following budgeted operating results for 2012revenues 10000 units at 50500000variable
stetson company paid 160000 to obtain a patent. stetson expected to use the patent for 5 years before it became
problem -1acomparativenbspnbspstatement data for farris company and ratzlaff company twonbspnbspcompetitors appear
Assets also include certain deferred charges that are not resources but that are recognized and measured in conformity with generally accepted accounting principles." Do you think this is a useful definition?
Iinsurance expired during 2007; $500. Prepare an income statement and a classified balance sheet that include the effects of the preceding 5(a-e) transactions.
youve made it corporation presents the following partial balance sheet as of december 31 2015stockholders
1 the first step of sara is to identify problems by getting to know the area. speculate how long it may take a new
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