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George is supplementing his income in 2014 by building and selling 20,000 ant hills. He ended 2013 with 2,000 completed hills in inventory and would like to complete operations in 2014 with at least 2,500 completed hives in inventory. There is no ending work in process inventory. One ant hill holds about 3000 ants. The ants are purchased for $3.00 per 1,000 ants. The hills sell for $20.00 each. How many ant hills would the 2014 production budget, of Johnson, identify as needing to be produced?
Prepare the 2012 fiduciary income tax return (Form 1041) for the Green Trust.
Moped, Inc. purchased machinery at a cost of $22,000 on January 1, 2011. The expected useful life is 5 years and the asset is expected to have salvage value of $2,000. Moped depreciates its assets via the double-declining balance method.
what are some ways that companies dispose of assets? what are some reasons that companies dispose
On July 1, the board of Division declared a $30,000 dividend at the time the common stock was selling for $25 per share and the preferred stock was selling for $30. The total dividends paid to each class of stock on the payment date was for prefer..
The company gets all of its merchandise from a supplier in Minnesota and always buys on credit with credit terms of 2/10, n/30. Which statement below best explains the credit terms of 2/10, n/30?w
data pertaining to the postretirement health care benefit plan of sterling properties include the following for 2013 in
A Kubota tractor acquired on January 9 at a cost of $75,000 has an estimated useful life of 20 years. Assuming that it will have no residual value, determine the depreciation for each of the first two years:
the boring corporation is currently valued at 1151 million but management wants to completely pay off its perpetual
The tax rate in Sweden is 55%. There is an additional shipping charge of $50 per unit to ship the material to Sweden. Transfer prices must be set at U.S. manufacturing cost or the selling price in the U.S.
lebeau company recently purchased some property for 2500000. it was a large parcel of land with an old building on it.
during 2009 the ellis corporation had 370000 shares of 20 par common stock outstanding. on january 1 2009 2000 8
Due to the negligence of the other driver, Adam's car is completely destroyed, and he is seriously injured. Two days later, Adam dies from injuries suffered in the accident.
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