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Pro-tech Software acquired all of the outstanding stock of Reliable software for $14 million. The book value of Reliable's net assets( assets minus liabilities) was $8.3 million. The fair values of Reliable's assets and liabilities equaled their book values with the exception of certain intangible assets whose fair values exceeded book values by $2.5 million. Calculate the amount paid for goodwill.
Surprise Corporation's sales budget showed expected sales of 13,400 widgets. Starting finished goods contained 1,200 widgets. The firm determined that 14,100 units should be produced.
Simplex estimates that 11,700 direct labor and 14,300 machine-hours will be worked during the year. If overhead is applied on the basis of machine-hours, the overhead rate per hour will be:
benskin corporations capital structure consists of 600000 of assets and 325000 of liabilities. the average interest
wynn furnace corp. purchased machinery for 345000 on may 1 2014. it is estimated that it will have a useful life of 10
Identify which basic assumption of accounting is best described - The economic activities of FedEx Corporation are divided into 12-month periods for the purpose of issuing annual reports.
the plant asset and accumulated depreciation accounts of pell corporation had the following balances at december 31
Accounting essay Please select only ONE of the 3 essays to pick. No minimum wording as long as its correct and can be explained in a essay formate. SELECT ONLY ONE.
wilgers company has budgeted sales volume of 30000 units and budgeted production of 27000 units while 5000 units are in
good internal controls are essential for effective and efficient operations of an enterprise. the downside is excessive
Prepare 2014 entries for Crow assuming that the warranties are not an integral part of the sale. Assume that of the sales total, $150,000 relates to sales of warranty contracts. Crow estimates the total cost of servicing the warranties will be ..
What do you think the effect would be if Congress changes the law so that retirement plan contributions are included in taxable income at the time they are made rather than taxing the payment when received in retirement?
What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries?
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