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At May 25, 2003, meeting, the Company approved a plan that a facility in Arkansas was to be closed on October 1, 2004, terminating 300 employees working there.One June 1, 2003, notified the employees of the restructuring plan. In order to encourage the employees to stay at the facility until the termination date, the company agreed to pay each employee $20,000 on April 1, 2005, six months after termination.Based on its traditional annual employee turnover of 80.5%, the company anticipated that 242 employees will collect the benefit. The present value factor of 0.98039 for the six-month period.1. In reporting to its U.S.- based on US GAAP, provide all journal entries for June 1st 2004, June 30th 2004, October 31st 2004, Nov 30th 2004 for restructuring program.2.1. In reporting to its U.K.- based on IFRS, provide all journal entries for June 1st 2004, June 30th 2004, October 31st 2004, Nov 30th 2004 for restructuring program.
Marilyn's basis in the partnership interest was $80,000 before the distribution. What is Marilyn's basis in the inventory, land, and partnership interest following the distribution?
A company with sales of $100,000, variable expenses of $70,000, and fixed expenses of $50,000 will reach its break-even point if sales are increased by $20,000.
A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2012. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,703,109. Using effective-interest amortization, how much interest expense will be re..
discuss the criteria used to determine whether a building is residential or nonresidential realty. also explain the tax
Prepare a direct labour budget for 2012. Wage rates are expected to be $15 for the first 2 quarters and $16 for quarters 3 and 4.
Complete the operating activities section of the statement of cash flows for 2007. Use the indirect method.
what does section 404 require of managements internal control report? research a public company and explain how
the manufacturer of a product that has a variable cost of 2.50 perunit and total fixed cost of 125000 wants to
the uniform law issued in 1984 by the committee on corporate laws of the american bar association that regulates the
Using the financial statements and additional information, compute the following ratios for Gaines Company for 2013. Show all computations.
If a city acquires a new office building under a capital lease agreement, 1)The cost of the building should be reported in the __ 2)The "cost" of the building is computed as ____
tony-bliar company uses a weighted-average perpetual inventory system. may 2 8 units were purchased at 12 per unit. may
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