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On January 1, 2013, Playtime Corporation changed its inventory method to FIFO from LIFO for both financial and income tax reporting purposes. The change resulted in a $900,000 increase in the January 1, 2013 inventory. Assume that the income tax rate for all years is 30%. The cumulative effect of the accounting change should be reported by Playtime in its 2013
in the past the company a allocated indirect manufacturing costs based on direct labour hours. recently management has
lordans lakeside is a popular restaurant located on lake washington in seattle. the owner of the restaurant has been
Assume that the present value at January 1, 2002, of all rent payments over the lease term discounted at a 10 percent interest rate was $5,280,000. What amount of interest revenue should Baxter record in 2003 (the second year of the lease period) ..
Discuss how corporate governance influences the degree to which operations and decisions employ the principles of value-based management.
flip inc. determines that 54000 pounds of direct materials are needed for production in july. there are 3200 pounds of
roll in the hay inc. provides harvesting services. in june the business earned 3600 by cutting turning and baling 6000
A construction company can lease an asset for the next four years by making lease payments that are equivalent to annual payments of $3,000 at year 0, $6000 at year 1, $7000 at year 2, $7000 at year 3 and $4000 at year 4. Use a 12% minimum acceptable..
you may need to use the future value or present value tables for this qustion.if sloane joyner invests 14019.74 now and
at a recent company meeting an employee remarks we were working so hard to get the income for our bonus this year. then
sleek ride a company providing limo services has a december 31 year-end date. for sleek ride the following transactions
fuentes corporation reported net income of 152000 declared dividends on common stock of 50000 and had an ending
on april 15th 2012 the board of directors for auction.com declared a cash dividend for 40 cents per share payable to
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