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Using your own words, do not use someone else's work. MIN 150 words. If you were a small business owner would you implement an activity-based costing system. What potential benefits or pitfalls do you foresee? Discuss the risk associated with being over or under leveraged.
Campbell Inc. owned all of Gordon Corp. For 2011, Campbell reported net income (without consideration of its investment in Gordon) of $280,000 while the subsidiary reported $112,000. The subsidiary had bonds payable outstanding on January 1, 2011, wi..
At the beginning of year 2, a company invested $40,000 in a marketable equity security. At that time the security was appropriately classified as an available-for-sale security. At the end of year 2, the security had a fair value of $28,500. The chan..
If beginning capital was $28,000, ending capital is $65,000, and the owner's withdrawals were $31,000, the amount of net income or net loss was: The balance in the prepaid rent account before adjustment at the end of the year is $15,000, which repres..
When can a CPA disclose confidential information without the client's consent? what causes an auditor's report to be adverse? Should the compensation plans for managers be different under a centralized versus a decentralized company?
The cash account of Grande Home Improvement Store shows the following: a debit on June 1 for $25,000; a credit on June 5 for $10,000, a debit on June 16 for $14,000, and a credit on June 27 for $8,000. What is the balance in the cash account at the e..
Fin:08 - Discussion How would you go about ensuring the existence of all fixed assets, and that they are accounted for properly on the books of the company?
you are the vice president of operations for a small manufacturing company that uses the absorptive method of
Rocoe Company produces a variety of garden tools in a highly automated manufacturing facility. The costs and cost drivers associated with four activity cost pools
On June 1, 2016, Herbal Co. received $18,900 for the rent of land for 12 months. - Journalize the adjusting entry required for unearned rent on December 31, 2016.
The entity began business with $1,000,000 in assets, $600,000 in non-recourse debts, and $400,000 in capital. In its first year of operations it had a net loss of $500,000, and the liabilities did not change. In the second year of operations the enti..
South Company sells a single product for $29 per unit. If variable expenses are 55% of sales and fixed expenses total $10,800, the break-even point in sales dollars will be:
You have the following data on The Home Depot, Inc. Market value of long-term debt: $20,888 million Market value of common stock: $171,138 million Beta: 1.1 Yield to maturity on debt with 10 years to maturity: 2.36% You also have the following market..
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