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Simmons Corporation owns stock of Armstrong, Inc. Prior to 2014, the investment was accounted for using the equity method. In early 2014, Simmons sold part of its investment in Armstrong, and began using the fair value method. In 2014, Armstrong earned net income of $80,000 and paid dividends of $95,000. Prepare Simmons's entries related to Armstrong's net income and dividends, assuming Simmons now owns 10% of Armstrong's stock.
1. a revenue variance is favorable if the revenue in the static planning budget exceeds the revenue in the flexible
Some Keynesian economists criticize the official unemployment statistics for understating the extent of joblessness in the United States. Which of the following statements represent shortcomings of the official unemployment rate reported by the Bu..
heritage company manufactures a beautiful bookcase that enjoys widespread popularity. the company has a backlog of
the soccer club decided to sell coupon books as a fund-raising activity. the books allow users to enjoy restaurants
All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710.
the computers could be sold "as is" for $8,500. What is the net advantage or disadvantage of reworking the computers?
jeter co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger.
Difference between debt ratio and insolvency
Describe two transactions, the accounts that are affected and the affect on the respective financial statements.
Determine the variable cost per haircut and the total monthly fixed costs. Compute the break-even point in units and dollars. Determine net income, assuming 1,900 haircuts are given in a month.
teri frazier owned three businesses and rental properties in 2014. during the year her hair salon business experienced
financial data for stirling inc. for last year are as follows stirling inc. balance sheetnbspnbspbeginning nbspnbsp
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