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On January 2, Todd Company acquired 40% of the outstanding stock of McGuire Company for $205,000. For the year ending, December 31, McGuire earned income of $48,000 and paid dividends of $14,000.
Prepare the entries for Todd Company for the purchase of the stock, share of McGuire income and dividends received from McGuire.
question1 the following is a partly completed lower section of a departmental expense distribution spreadsheet for
Sugar Corp has a selling price of $21, variable costs of $11 per unit, and fixed costs of $21,500. Sugar expects profit of $314,000 at its anticipated level of production. If Sugar sells 4,600 units more than expected, how much higher will its profit..
Compute the break-even sales (units) for the overall product, E. ? How many units of each product, marshmallow bunnies and jellybeans, would be sold at the break-even point?
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As of December 31, 20x4, Trask had 4,000,000 authorized shares of $5 par value common stock – 1,575,000 shares had been issued, of this 75,000 were held in the treasury. The treasury shares were accounted for using the cost method.
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Panther co. had a warranty liability of $350,000 at the beginning of 2011, and $310,000 at the end of 2011. Warranty expense is based on 4% of sales, which were $50 million for the year. What were the warranty expenditures for 2011?
fougere realtors inc. specializes in home resales. it earns revenue from selling fees. fougere realtors major costs are
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