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On January 2, 2011, Well Co. purchased 10% of Rea Inc.'s outstanding common shares for $400,000. Well is the largest single shareholder in Rea, and Well's officers are a majority on Rea's board of directors. Rea reported net income of $500,000 for 2011, and paid dividends of $150,00. In its December 31, 2011, balance sheet, what amount should Well report as investment in Rea?
if sales are 200000 variable costs are 58 of sales and operating income is 30000 what is the contribution margin
if profit margin 10 fraud loss 436million then why the revenue to restore the effect on net income is 4.36 billion
Construction of Building B on the newly acquired land began on October 1, 2010. By September 30, 2011, Thompson had paid $210,000 of the estimated total construction costs of $300,000. Estimated completion and occupancy are July 2012.
borrowed 540000 in jan 2014 made 12 monthly payments during the year reducing the balance of the loan by 40628. 2.
Lab Kennels, Inc. and Wolman Developers have agreed to exchange two parcels of land and each will assume the other's mortgage on the parcel acquired. Lab owns 500 acres within city limits that has a value of $750,000 and a basis of $300,000.
The adjustments are normal for this machine and are not the result of the damages. Compute the cost recorded for this machine.
what is the quality of earnings ratio for the most recent year? what are the major causes of differences between profit
accounting errors-transaction errors how would the following errors affect the account balances and the basic
What assets qualify for interest capitalization? What assets do not qualify for interest capitalization?
ricochet company completed 56000 units during the year at a cost of 784000. the beginning finished goods inventory was
Compute the margin of safety and margin of safety ratio.
Prepare the journal entries made by Colson Company on the followin dates:
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