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On august 15, 2012, a hurricane damaged a warehouse of folkman merchandise company. the entire inventory and many accounting records stored in the warehouse were completely destroyed. Although the inventory was not insured, a portion could be sold for scrap. through the use of microfilmed records, the following data is assembled: Goods on hand August 1-$80, purchases: 160,000, purchase returns-2000, transportation costs on purchases-1000, sales-280000, sales returns-4000, and average gross profit as a percent of net sales-40%.Compute the inventory loss as a result of the hurricane.
compare the payment of cash dividends stock dividends and purchase of treasury stock from existing shareholders. what
There were no other pension related costs. The journal entry to record the annual pension costs will include a debit to pension expense for:
Cash dividends were $43. The company sold equipment for $61 that was originally purchased for $28 and that had accumulated depreciation of $25. The net cash provided by (used in) operations for the year was:
smith cpa was engaged to audit golf corporations financial statements for the years ended august 2006. smith planned
Harris Company has shipped $20,000 of goods to Harlow Co., and Harlow Co. has arranged to sell the goods for Harris.
western company has an annual reporting period that runs from july 1st through june 30th. based on this information
present value what is the present value of a. 8000 in 10 years at 6 percent? b. 16000 in 5 years at 12 percent? c.
lundberg corporations most recent balance sheet and income statement appear below dividends on common stock during year
matt recently deposited 25750 in a savings account paying a guaranteed interest rate of 4.80 percent for the next 10
what are the possible benefits to the company of having a share election scheme? the solvency test must be satisfied by
inventories $4200,000 total $14000,000 current ratio 2.25 acid-test ratio 1.2 debt to equity ratio 1.8
assume the comments were recently overheard at an international management accounting conference. for each group of
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