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During 2011, Lele Design earned net income of $250,000. The firm neither bought nor sold any capital assets. The book value of its assets declined by the year's depreciation charge of $200,000. The firm's operating cash flow for the year was $450,000. The market value of its assets increased by $300,000. Please ignore taxes for this problem. a. What was Lele Design's economic income for the year? b. Why is this figure different from its accounting income?
type your question here company has net income of 3000000. it has 600000 weighted-average common shares outstanding and
james company has a margin of safety percentage of 20 based on its actual sales. the break-even point is 130000 and the
Discuss in general the ethical issues when employees are tempted to defraud their employer or when companies defraud the public.
at the beginning of the current period griffey corp. had balances in accounts receivable of 200000 and in allowance for
envision inc. purchased 3800 shares of common stock for the treasury at 17 per share. a month later envision sold 2100
on july 1 year 1 cody co. paid 1198000 for 10 20-year bonds with a face amount of 1 million. interest is paid on
In 2004, Norma purchased 100 shares of XYZ stock as an investment. The stock cost $10,000. In 2009, when the fair market value was $12,000, Norma gave the stock to her daughter, Lydia. No gift tax was paid. If Lydia sells the stock for $13,000,..
jodi horton president of the retailer crestline products has just approached the companys bank with a request for a
On January 1, 2010, Garner Corporation purchased 25% of the common stock outstanding of Landon Corporation for $250,000. During 2010, Landon Corporation reported net income of $80,000 and paid cash dividends of $40,000.
The allowance for bad debts os contra to which one of the following accounts?
The Chandler Corporation began business on January 2, 2007. It is now time for Chandler to prepare its financial statements for 2007. The bookkeeper at Chandler was able to complete the asset section of the balance sheet, but he needs your help to..
if lind company had net income of 300000 in 2011 and it experienced a 24.5 increase in net income for 2012 what is its
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