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Pahl Corporation owns a 60% interest in Sauer Corporation, acquired at book value equal to fair value at the beginning of 20X1. On December 20, 20X1 Sauer declares dividends of $80,000, and the dividends remain unpaid at year end. Pahl has not recorded the dividends receivable at December 31. A consolidated working paper entry is necessary to
1. Enter $48,000 dividends receivable in the consolidated balance sheet.
2. Eliminate the dividend payable account in the consolidated balance sheet.
3. Reduce the dividend payable account to $32,000 in the consolidated balance sheet.
4. Enter the $80,000 dividends receivable in the consolidated balance sheet.
muncy inc. is looking to add a new machine at a cost of 4133250. the company expects this equipment will lead to cash
What are the acceptable inventory valuation methods under U.S. GAAP? How does each affect the valuation of inventory and cost of goods sold?
yoshi company completed the following transactions and events involving its delivery trucks. nbspnbspnbsp2012jan.1paid
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i have 300000 to invest after winning a lottery and have the following offers from various people.1. 50000 per year for
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If Best Company sold office equipment that originally cost $7,500 and had $7,200 of accumulated depreciation at a $100 loss, what was the selling price for the office equipment?
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