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During 2010, Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $450,000, $110,000, and $150,000, respectively. In addition, the company had an interest expense of $88,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) a. What is Raines's net income for 2010? (Input the amount as a positive value.) b. What is its operating cash flow?
harris systems specializes in servers for workgroupe-commerce and erp applications.the companys original job costing
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Amber city borrowed $1,000,000 secured by a 5-year mortgage note. This cash from the note was used to purchase a building for vehicle and equipment maintenance. Show how these two transactions should be recorded in the General Fund and governmenta..
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Show Journal entries and necessary accounts. Also show how the items will appear in Profit and Loss account and Balance sheet.
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pierson corporation owned 10000 shares of hunter corporation. these shares were purchased in 2007 for 90000. on
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