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1. Equity Investment-Trading Feiner Co. had purchased 300 shares of Guttman Co. for $40 each this year and classified the investment as a trading security. Feiner Co. sold 100 shares of the stock for $43 each. At year end the price per share of the Guttman Co. stock had dropped to $35. Prepare the journal entries for these transactions and any year-end adjustments.
on december 21 2012 zurich company provided you with the following information regarding its trading
Which of the following answers correctly states the effect of recording the collection of the reinstated receivable on April 7, 2015?
Jones Company allocates overhead on the basis of direct labor hours. It allocates overhead costs of $12,800 to two different jobs as follows: Job 1: (10 hours) = $6,400 Job 2: (10 hours) = $6,400
in 2008 margaret john murphy are married tax payers who file a joint tax return with agi of 25000. during the year they
Given the following selected information on Cicalese's Chocolate Inc., calculate the cash flow from operating activities for the year 20X1,
What are the key internal controls
This problem belongs to Accounting Basics and it discusses about the merits of cost of quality report, zero-defects policy, and the difference between pull and push manufacturing systems
jenson supply bought equipment at a cost of 24000 on january 2 2002. it originally had an estimated life of ten years
the dollar store cost structure is dominated by variable costs with a contribution margin ratio of .30 and fixed costs
from the following accounts prepare a balance sheet for the windcharter company for the year ending december 31 2013
Seventy percent of Diamond Beauty Supply shop sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. Prepare a monthly schedule of cash rece..
a. Estimate the average price/book value ratio for these comparable firms. Would you use this average P/BV ratio to price the IPO? b. What subjective adjustments would you make to the price/book value ratio for this firm and why?
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