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Question -
Gambio Cosmetics acquired 10% of the 200,000 shares of common stock of Nevins Fashion at a total cost of $13 per share on March 18,2015. On June 30, Nevins reported net income of $122,000 for the year. At $60,000 dividend. On December 31, Nevins reported net income of $122,000 for the year. At December 31, the market price of Nevins Fashion was $15 per share. The stock is classified as available-for-sale.
Kanza. Inc, obtained significant influence over Rogan Corporation by buying 40% of Rogans 30,000 outstanding shares of common stock at a total cost of $9 per share on January 1, 2015. On June 15, Rogan declared and paid a cash dividend of $30,000. On December 31, Rogan reported a net income of $80,000 for the year
Prepare all the necessary journal entries for 2015 for (a) Gambino Cosmetics and (b) Kanza Inc.
dawn chin plans to buy a new vehicle. her current vehicle will bring 5500 as a trade-in. she can pay another 2500 as a
sammy put away 10 of his 75000 per year salary for the 45 years he is working into 401k and ira savings plans and
Conduct some research on earnings management techniques and financial shenanigans, such as income smoothing and channel stuffing.
1. what are the low risk auditing ares for the home depots 2. If management of the Home Depot faced tremendous pressure regarding the entity's financial performance, what opportunities might exist for them to engage in fraudulent financial reporti..
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avey corporation had 275000 in invested assets sales of 330000 income from operations amounting to 49500 and a desired
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Prepare the entry to record income tax given the following information and show how the related liabilities would be displayed on the balance sheet
a deficiency uncovered in the audit of internal control is explained by which of the following in relation to a
Calculate the inflation-adjusted principal at the end of the second six months (on December 31, 2011), and the coupon payment to the investor for the second six-month period is the inflation-adjusted principal
Adjusted the accounting records to reflect the estimate that uncollectible accounts expense would be 1 percent of the service revenue on account.
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