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On January 1, 2008, the Ramirez Company ledger shows Equipment $29,000 and Accumulated Depreciation $9,000. The depreciation resulted from using the straight-line method with a useful life of10 years and salvage value of $2,000. On this date, the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage value. Compute the revised annual depreciation.
1. Give three examples of how management can engage in "real" earnings management to achieve the desired reporting of higher net income. 2. Profiles Corp. had the following infrequent income statement items during 2009:
What portion of the unrealized intercorporate profit is eliminated in a downstream sale? In an upstream sale? Explain.
There were no dividends declared in 2009. The board of directors declares and pays a $45,000 dividend in 2010 and in 2011. What is the amount of dividends received by the common stockholders in 2011?
What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method? Do you prefer ABC over traditional costing methods?
discuss relative costs amp benefits for firms to mandatorily disclose information about their operating segments
in performing financial ratio analysis, what the do the results mean? do the answers provide conclusions on their own, or do we have to pt them in perspective by comparing them to prior periods, other companies or competitiors or industry standard..
what are ratios? how could liquidity ratios be used by investors to determine whether or not to invest in a
As of December 31, 2011, it is desired to distribute $488,000 in dividends. Insructions: How much will the preferred and common stockholders receive under the following assumptions:
Modern Mother Magazine has received cash subscriptions on April 1, 2009 in the amount of $3,600,000 for the next three years. Their year-end is December 31, 2009.
1) What are the maturities on Intel's Long-term debt 2) What are Intel's projected obligations on Long-Term Debt and Payments due by period 3) What is the par or stated value of Intel's preference shares 4) What is the par or stated value of Intel's ..
cardinals corporation had a 1114 balance in the allowance for doubtful accounts of 20000. during 2014 it wrote off
Fritz is seriously considering bankruptcy because he has a large number of outstanding debts, the principal ones of which are as follows.
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