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The ABC company is facing a sitation where it has to decide whether to continue its production or stop it. The following is the detail of its production:
Per Unit cost:
Variable Cost ........... Rs 80
Fixed Cost................Rs 20
Salesprice per unit....Rs 90
What would be your decision being a cost accountant? Give youranswer with calculations whether ABC Company should continue or stop the production?
A firm expects to sell 10,000 units of its product annually. It estimates that it costs $200 to place an order and that each unit costs $7 annually to carry in inventory. It takes 7 days to receive an order once it is placed, and the store is open..
Calculate the value of the inventory under both IFRS and US GAAP.
P Corporation acquired 80% of S Corporation on January 1, 2011 for $240,000 cash when S's stockholders' equity consisted of $100,000 of Common Stock and $30,000 of Retained Earnings. The difference between the price paid by P and the underlying eq..
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What are the combined total department costs for the producing departments after allocating the service department costs?
Provide an example of financial institutions, and state what role they play in securities markets.
Courgar Inc. issued 3,000 shares of 4% cumulative $120 par value preferred stock at par. What is the journal entry to record this transaction?
Journalize May transactions. post entries to general ledger, Prepare trail balance ,Prepare income statement, owners' equity statement and balance sheet.
Orange has a $20,000 charitable contribution carryover to 2010 from a prior year. Identify the tax issues the board should consider regarding the proposed contribution.
Explain the relationship between the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB).
Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?
One stockholder owned 550 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder's shares immediately before and after the stock dividend of February 5.
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