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Parsons company acquired 90% of the outstanding stock of shea company on june 30, 2011, for $426,000. shea retained earnings in the amount of $60,000, fair value of assets and liabilities was equal to book value. sales $2,555,500, $1,120,000 prepare a consolidated financial statements workpaper for year ended dec. 31, 2013. prepare a schedule to calculate consolidated retained earnings on dec. 31, 2013. use an analytical or t-account.
federal unemployment compensation taxes are $5,250. at the federal rate of 0.8% and state rate of 5.4%. Create the journal entry to record the payroll tax expense for the period.
There were 4400 units in the ending work in process inventory of the assembly dept. that were 30% complete with respect to conversion costs. Illustrate what were the equivalent units for conversion costs in the assembly dept. for the month?
Impact of change in credit policy on the debt ratio - what will Collins' debt ratio (Total debt/Total assets) be after the change in DSO is reflected in the balance sheet?
Evaluate the number of shares to be used in determining diluted earnings per share for 2013.
Check a governmental and a not-for-profit program
Short case study report - A summary of the reason for and nature of the contract
Suppose that if bowling shoes were dropped, sales of athletic shoes could drop by 10%. What impact would losing 10 percent of the sales of athletic shoes have on overall profitability?
Preparation of journal entries to record issue of shares and dividend and Prepare journal entries to record the above transactions.
Purpose all the journal entries for the above transactions for 1 st July 2010 to 30 June 2011.
Find Reed's cost of not taking the suppliers' discounts and What is each project's payback period
Evaluate the surplus relief generated from the reinsurance transaction and RST Company had the following account balances
What should company report as its deferred income tax liability as of the end of its first year of operations.
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