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Bradley Company has forecasted sales for the month of March for its single product to be 10,000 in its Columbus Region, 13,000 units in its Cincinnati Region and 15,000 units in its Cleveland Region. The estimated inventory on March 1 is 4,500 units and the company desires to have 3,800 units on hand March 31. The budgeted sales price is $52.00 per unit. (1) Prepare a sales budget for the month of March. (2) Prepare a production budget for the month of March
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During the year, $22,500 is distributed to Elk"s three equal shareholders, all of who are calendar year taxpayers. What are Elk"s total ordinary income and capital gain passthroughs for the year?
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During the year, additional common stock was issued for $8,000, and $5,000 of dividends was paid. The net assets at January 1, 2010, amounted to:
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Cost and fair value data for the trading securities of Clifford Company at December 31, 2010, are $100,000 and $74,000, respectively. Which of the following correctly presents the adjusting journal entry to record the securities at fair value?
1. When pre-tax financial accounting income is a different amount than taxable income, what are the various accounts needed on the balance sheet? Explain how the amounts in those accounts are calculated and how they are displayed on the balanc..
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