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Consolidated Balance sheets: issues of goodwill and differential in the process. Trying to understand some of the processes regarding the goodwill and differential in the consolidated balance sheet process. 1. Explain why consolidated financial statements become increasingly important when the purchase differential is very large. 2. How does an eliminating entry differ from an adjusting entry? (I know this is similar to the intercompany transactions, I think, just not sure how they are related) 3. What is the term differential used to indicate?
Below is budgeted production and sales information for Fleming Inc. for December. Evaluate the budgeted total sale for December
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Budgeting involves computation of cash budget - which is also its minimum required cash balance. There is an outstanding loan of $2,000 on March 1. Prepare a cash budget for March, April, and May.
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Record the journal entries necessary on Crain's books for 2005 assuming that Crain uses the equity method to account for its investment in Downey.
Evaluate the equivalent units of product for (1) materials and (2) conversion cost for each month and calculate the physical units for January and May.
If you paid 1,518,675 for the horse 4 years ago, Find what was your annual return over therefore 4 year period?
The equipment had a cost of $224,000 and accumulated depreciation of $44,800 as of October 17. Explain how do you journalize this?
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