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General Chemical produced 12,000 gallons of Breon and 32,000 gallons of Baron. Joint costs incurred in producing the two products totaled $7,000. At the split-off point, Breon has a market value of $8.00 per gallon and Baron $2.00 per gallon. Compute the portion of the joint costs to be allocated to Breon if the value basis is used.
shaws garden was started on may 1 with an investment of 45000 cash. following are the assets liabilities and common
a current client is considering a change in their corporate structure. they recognize that this will impact their
Judd, Inc., owns 35% of Cosby Corporation. During the calendar year 2010, Cosby had net earnings of $300,000 and paid dividends of $30,000. Judd mistakenly recorded these transactions using the fair value method rather than the equity method of ac..
exercise 1-9 zoya arbiser regional manager of gold medal sports shops is reviewing the results of 15 stores in her
during 2014 pretenders furniture company purchases a carload of wicker chairs. the manufacturer sells the chairs to
Compute the earnings per share and book value per share of common stock - calculate the price-earnings ratio for each company.
total01 to 3031 to 6061 to 90over 90accs reveivable57000039600090000360001800030000 uncollectible125710aestimate the
dolphin company uses special strapping equipment in its packaging business. the equipment was purchased in january
The following is an excerpt from a conversation between two sales clerks, Tracy Rawlin and Jeff Weimer. Both Tracy and Jeff are employed by Magnum Electronics, a locally owned and operated electronics retail store.
raner harris amp chan is a consulting firm that specializes in information systems for medical and dental clinics. the
Deirdre sold 100 shares of stock to her brother, James, for $2,400. Deirdre purchased the stock several years ago for $3,000.
Given the machinery Account for five years writtng off depreciation at 10% on the written down value.
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