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Dender Company sold business equipment with a $386,000 initial cost basis and $171,000 accumulated tax depreciation. Compute Dender's recaptured ordinary income and Section 1231 gain or loss recognized if the amount realized on sale was?
Make the journal entry necessary on Plitt's books to record the factoring of the accounts.
What is MM capital structure theory without taxes and bankruptcy costs and what is the break-even EBIT? How to find the break-even point?
What loss, if any, could Sound Audio report in its 2013 income statement? What liability, if any, should Sound Audio report in its 2013 balance sheet?
Ramadi uses the cost method to account for its treasury stock transactions. Illustrate what accounts and amounts should Ramadi credit in 2011 to record the reissuance of the 3,000 shares?
Assume that the company decides to use activity-based costing to apply overhead cost to products. Find the unit product cost of each product.
A company had inventory of 8 units at a cost of $12 each on December 1. On December 2, they purchased 8 units at $21 each. On December 6 they purchased 7 units at $23 each. On December 8, they sold 18 units for $52 each. Using the LIFO perpetual i..
Changes in Variable Costs, Fixed Costs and Selling Price, and Volume. The marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. Should the advertising budget be increased?
Formulate an LP model for this problem and use Risk Solver to find the optimal solution. Elucidate what is the optimal total cost?
Pretax accounting income includes interest revenue from municipal bonds (not taxable). This interest revenue is $25,000 in 2010, $30,000 in 2011, and $32,000 in 2012. The enacted tax rate is 40%. Create the journal entry to record income taxes for ..
Calculate the total amount of dividends declared by March for 20X7. Calculate March's profit for 20X8.
Evaluate Cott's fixed cost? Why is the computation of subunits and subunit managers important? What amount would be Quack's flexible budget variance for the year?
Prepare an income statement for 2012 consider that the production-volume variance is written off at year-end as an adjustment to cost of goods sold.
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