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You are group financial accountant of a diverse group of companies. The board of direc- tors has instructed you to exclude from the consolidated financial statements the results of some loss-making subsidiaries as they believe inclusion will distort the performance of other more profitable subsidiaries.
You are required to write a memorandum to the board of directors explaining the circumstances when a subsidiary can be excluded and the accounting treatment of such excluded subsidiaries.
joan operates a store in the city and uses her farmhouse on rural property 10 miles from the store for business
Engles Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $130,000 and will increase annual expenses by $80,000 including depreciation.
Prepare a bank reconciliation going from balance per bank and balance per books to correct cash balance
For each of the following T-accounts, indicate the side of the account that should be used to record an increase or decrease in the financial statement element:
Calculate the marginal tax rate and the effective tax rate for each of the C corporations. Explain why the marginal tax rate for a C corporation can exceed 35%, but the effective tax rate cannot.
Calculate the expected net present value (NPV) and the standard deviation of the NPV for the project to buy the English lignite mines if £900m is taken to be the initial cash outflow.
Explain how it is possible that a shareholder could be considered both an internal and external stakeholder.
edde corporation has provided the following production and total cost data for two levels of monthly production volume.
Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $32,900. What was the absorption costing net operating income last year?
on january 1 2015 warren corporation had 980000 shares of common stock outstanding. on march 1 the corporation issued
What amount should White report as Cost of Goods Sold in the 2011 income statement?
computer marys income or deductions for 2012 using the 1 cash basis and 2 the accrual basis for each of the following
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