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During 2012, Edwards Co. sold inventory to its parent company, Forsyth Corp. Forsyth still owned all of the inventory at the end of 2012.Explain what happens to the gross profit on the sale when consolidated financial statements are prepared at the end of 2012. Whay is the gross profit treated this way?
Edgemont paid a cash dividend of $25,000 in 2009. No additional stock was issued. Compute the retained earnings on December 31, 2008, and 2009.
The role and process of recognising depreciation in accounting reports, and by identifying accounting concepts which provide the justification for recognising depreciation.
natural hair company supplies wigs and hair care products to beauty salons throughout texas and the southwest. the
Why is equity capital generally more expensive than debt financing?
mr. ching was a prc resident and was employed as a sales manager by wang laboratories limited in hong kong. he gave you
Evaluate the impact to a business when compensation, such as sales commissions and bonus, are tied to achieving budgeted expectations. Suggest how management can prevent employees from manipulating results.
the following information is available for kessler company after its first year of operationsincome before
On January 1, 2008, Dexter, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Garr Warehouse Company. What is the amount of the minimum annual lease payment?
what is the amount of payments that must be made at end of each 8 years to accumulate a fund of 90000 by the end of 8th
kenoly corporation owns a patent that has a carrying amount of 327970. kenoly expects future net cash flows from this
A 15% increase in production will result in: A) a 15% increase in the variable cost per unit B) a 15% increase in total mixed costs C) a 15% increase in total manufacturing costs D) a 15% decrease in total variable costs
Hammond Inc. had a credit balance of $1,800 in the unearned rent account on January 1, 2011. At the end of 2011, the credit balance in that account was $1,400. Hammond's income statement reported rent revenue in the amount of $32,500 for the..
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