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Question 1: On January 2, 2018, Alpaca Company purchased 14,000 shares of the stock of Zebra Company, and did not obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $12 per share, and represents a 10% ownership stake. Zebra Company made $55,000 of net income in 2018, and paid dividends of 50 cents per share on December 15, 2018. On December 31, 2018, Zebra Company's stock was trading on the open market for $15 per share at the end of the year. Use this information to prepare the General Journal entry(ies) (without explanation) for January 2 purchase and the December 15 & 31, 2018 record of income & gain/loss. If no entry is required then write "No Entry Required."
What is the incremental income (loss) associated with accepting the special order?
The company that sells the equipment and insists the equipment is needed. Discuss any ethical concerns you see with this type of transaction.
If top flight sells tickets (seats) to passengers for $50 per one way trip, what is the required level of sales (in dollars and passengers) to break even?
Explain why the uncollectible accounts expense amount is different from the amount that was written off.
What proceeds did ClassCo get from sale of these Bonds? B] Show amortization schedule [table] for Bond Discount or Premium C] What was the ClassCo JE at sale of bonds [assume no other expenses for sale]? D] What was ClassCo JE forfirst year after sal..
Assume a tax rate of 40 percent and those current losses can be used to offset taxable income in future years. What is the present value of tax savings related to the operating losses in years 1 and 2?
Refer to the data above. How much overhead cost will be assigned to the desert bar product line using activity-based costing (ABC)?
Prepare a contribution format income statement for the month using variable costing.Compute the unit product cost under absorption costing.
Describing how a company you work for or know in the UAE discharges its corporate social responsibility and ensures that its employees and stakeholders behave ethically and in a socially responsible manner.
TNA67 Pearson BTEC HND in Business - Management Accounting Assignment, ICON College of Technology and Management, UK. Explain management accounting systems
Determine the net present value of the investment in the machine.
This week we'll be looking at outsourcing from a business perspective. Please read the 10 Business Outsourcing Trends for 2017 here.
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