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Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to be used in its service department cost allocations:
Service Departments
Operating Departments
Using the step-down method, allocate the costs of the service departments to the two operating departments. Allocate Administration first on the basis of employee-hours and then Janitorial on the basis of space occupied. (Please enter allocations from a department as negative and allocations to a department as positive. The line should add across to zero. Do not round intermediate calculations. Round your answers to the nearest dollar amount.)
ecker company purchased a new machine on may 1 2002 for 176000. at the time of acquisition the machine was estimated to
In the current year, Crow Corporation, a closely held C corporation that is not a personal service corporation, has $100,000 of passive losses, $80,000 of active business income, and $20,000 of portfolio income. How much of the passive loss may Cr..
On comparative income statements issued in 2010 for the years of 2007, 2008, and 2009, what would Smith report as its income derived from this investment in Barker?
alpaca corporation had revenues of 325000 in its first year of operations. the company has not collected on 20400 of
with an annual interest rate of 8 determine the future value of 15m investment after 5 years. the interest is
on january 1 2013 the mason manufacturing company began construction of a building to be used as its office
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V Company's product has a labor standard of 2 hours per unit. For 2011, it estimates its production will be 200,000 units (400,000 DLHs). It budgets total overhead at $900,000, which results in a fixed overhead rate of $1.50 per hour.
Use the purchases journal and the cash disbursements journal to record these transactions. Prepare a schedule of accounts payable. There were no accounts payable on May 1.
you have received the bank statement for your companys account and need to reconcile it with your cash ledger account.
matka company began operations in 2010. at the beginning of the year the company purchased plant assets of 450000 with
Required: Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2009.
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