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A business currently sells mobile phones in the domestic market for $80. The cost of the phones includes $50 variable cost per unit and $20 fixed cost per unit. A bid is received from an overseas customer for 1,000 phones at a price of $60 per phone. An additional 10% export fee on price would be assessed to the mobile phone company for overseas sales. What would be the differintial income or loss from accepting the overseas bid?
A. $4,000 loss
B. $14,000 loss
C. $4,000 income
D. $10,000 income
David is admitted to an existing partnership. Several partnership debts and obligations have become due. With regards to ONLY those debts and obligations arising AFTER David joined the partnership.
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Deseronto Electronics manufactures motherboards for computers. The company is divided into two divisions: manufacturing and programming
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If 300,000 is to be distributed as a dividend for the current yearr, what total amount will be distributed to preferred stockholders and common stockholders?
A check drawn by a depositor for $180 in payment of a liability was recorded in the journal as $810? This item would be included on the bank reconciliation as?
Which of the following best explains how a translation loss arises when the temporal method of translation is used to translate the foreign currency financial statements of a foreign subsidiary?
Mr. Green seeks your advice as to the tax consequences attached to each offer. Assume that he will no other sale of business assets or capital assets during the year. What is your advice?
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