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Question
Big Screen Corporation manufactures as well as sells 50-inch television
Big Screen Corporation manufactures as well as sells 50-inch television sets and uses standard costing. Actual data relating to January and February and March of 2012 are as follows
The selling price per unit is $2,500. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,000 units. There are no price effectiveness or else spending variances. Any production-volume variance is canceled to cost of goods sold in the month in which it occurs
1. Prepare income statements for Big Screen in January and February and March of 2012 under (a) variable costing and (b) absorption costing
2. Explain the difference in operating income for January and February and March under variable costing and absorption costing
Compute taxable income as well as income tax payable for 2012. Which of the differences are temporary and which are permanent
Describe key issues of the case as they relate to Mr. Friehling's actions, or inactions, in relation to the AICPA's Code of Professional Conduct. Identify as well as describe the issues and provide examples to clarify and amplify your discussion. ..
Applicable Codification references Related presentation and disclosure issues for the notes Any additional clarifying information needed from company management
For the year 2012, complete the corporation's AMTI Complete the tentative minimum tax Complete the tentative minimum tax base Is there an amount of the AMT? If so, what amount? Assume no ACE adj
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Calculate taxable income for 2012 Record journal entry to record income tax expense deferred income taxes and income tax payable for 2012
Make the journal entries necessary to record the transactions above using appropriate dates
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Calculate the taxable income for 2012 for Aiden on the basis of the following information. Aiden is married however has not seen or heard from his wife since 2010
Determine the operating income for the Olive Oil Div'n using a transfer price of $4.
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Evaluate the Pete's gross income for calendar year 2013?
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As illustrated Interbrand estimates the value of the Disney brand name in 2009 at $28.45 billion. Search Disney's financial statements and notes - what is Disney's guess of the value of the Disney name?
Prepare journal entries for 2010 using the Completed-contract method.
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