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The dean of the Midstate University Business School is trying to understand the costs of the schools two degree programs:
Bachelors (BBA) and Masters (MBA).
She has asked you for recommendations on how to allocate the costs of the following services, which are used by students in both programs: cafeteria, library, and career placement. How would you respond?
Calculate the originally reported earnings per share for 2012. Round your answer to two decimal places and calculate the restated cash dividend per share for 2012 reported in the 2014 annual report for comparative purposes. Round your answer to two ..
evaluate the unit product cost from the given data.variable and absorption costing unit product costs and income
Paid rent for May, $5,000. Purchased merchandise on account from Martin Co., terms 2/10, n/30, FOB shipping point, $36,000. Paid freight on purchase of May 3, $600. Sold merchandise on account to Karman Co., terms 2/10, n/30, FOB shipping point, $68,..
start that business, what amount of gain each person is required to identify under business if formed as C, S , and LLC corporation?
The journal entry to record a 8 percent stock dividend to common stockholders when the market price of the stock is $40 per share and there are 100,000 shares of $1 par value stock outstanding is
Oceanside Biking is a retail bicycle store. For last year's summer racing season, Oceanside purchased one new model of racing bike to use in a special promotion. To sell the chairs and pads quickly, the store priced the chairs at $135 each. Compute t..
Vickelly Company uses cash basis accounting.
Iverycoast Inc. purchased a van on January 1, 2015, for $800,000. Estimated life of the van was 5 years, and its estimated residual value was $90,000. Iverycoast uses the straight-line method of depreciation. Calculate the book value of the van at th..
merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Compute the net cash provided or used by operating activities.
1. Internal controls are a set of procedures adopted by an organization primarily to check frauds and errors and increase operational efficiency.Consider the aspects of internal control and respond to the following:List ten internal controls that an ..
(Dollar-Value LIFO) Presented below is information related to Martin Company. Use the dollar-value LIFO method to compute the ending inventory for Choctaw Company for 2009 through 2013.
Susan generated $55,000 of net earnings from the conduct of a tax preparation business that she operated during the tax-filing season. She also received wages of $66,800 from her full-time job. Compute the self-employment taxes due for 2014
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