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Explain why proponents of LIFO argue that it provides a better match of revenue and expenses. In what situation would it not provide a better match?
flip earns a salary of 7500 per month during the year. fica taxes are 8 on the first 100000 of gross earnings. federal
The board of directors declared and paid a $2,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010?
ABC Corporation issued a 5% stock dividend that involved issuing 10,000 shares of $1 par value common stock when the market value of the stock was $25 per share.
1. Why is not taxable income used to determine if a distribution is a dividend? 2. What is the Dividend Received Deduction? Why do we have it?
Which of the following is an example of direct materials cost for an automobile manufacturer?
Estimate the new total life to be 10 years and the new salvage value to be $4,000. Compute the revised depreciation.
Ross would incur special shipping costs of $2 per scale if the order were accepted. Ross has sufficient unused capacity to produce the 2,000 scales. If the special order is accepted, what will be the effect on net income?
xyz company sold 30000 units last month and sales totaled 1500000 usd. total variable monthly expenses were 600000 and
Imagine that you are going to approach the Chief Financial Officer of your organization to propose an HR initiative involving the development and implementation of a diversity training program
xeller company makes electronic keyboards. the practice model price is 220 and variable expenses are 190. the deluxe
under its executive stock option plan national corporation granted options on january 1 2011 that permit executives to
Other than for financial statements, management need report only the information it knows. That is, management should be under no obligation to gather information it does not have, or does not need, to manage the business.
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