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Lily company had the following assets and liabilities on the dates indicated: December 31 total assets total liabilities 2009 $400,000.00 $250,000.00 2010 $460,000.00 $300,000.00 2011 $590,000.00 $400,000.00 Lily began business on January 1, 2009 with an investment of $1000,00.00 Form an analysis of rhe change in owner's equity during rhe year, compute the net incom (or loss) for a) 2009 assuming Lilys drawings were $15,000.00 for the year b) 2010 assuming Lily made an additional investment of $50,000.00 and had no drawings in 2010 c) 2011 ASSUMING lILY MADE AN ADDITIONAL INVESTMENT OF $15,000.00 and had drawings of $30,000.00 in 2011.
Under absorption costing a company had the following per unit costs when 10,000 units were produced. Compute the company's total production cost per unit if 25,000 units had been produced.
avocado company has an operating income of 108000 on revenues of 1002000. average invested assets are 507000 and
ceiling fans by ikes overhead budget for 2009 was as followsfactory supervision300000utilities
whitman corporation a merchandising company reported sales of 7600 units for may at a selling price of 700 per unit.
The average number of days to collect receivables during 2001 was
on january 1 2010 lead inc. issues five-year 10000000 9 percent notes at 98 9800000. the discount at the time of sales
the following information pertains to cjs cabinet companys sales on account and accounts receivablenbspnbspaccounts
the board of education for the central catskill school district is considering the acquisition of several minibuses for
Sandy's federal income tax withholding is $95, and she has no voluntary deductions. Compute Sandy Titer's gross earnings and net pay for the pay period.
Canoe Company's manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished goods inventories. Canoe Company's manufacturing costs for the year were:
a friend of yours is a biotech scientist who is developing a method of cloning certain antibodies. you have estimated
Explain the rules for discharge of indebtedness income. When is it taxable, and when isn't it? Why? Do you think these rules make sense?
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