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Tri-City Ironworks Co. reported $44,500,000 for equipment and $29,800,000 for accumulated depreciation-equipment on its balance sheet. Does this mean that the replacement cost of the equipment is $44,500,000 and that $29,800,000 is set aside in a special fund for the replacement of the equipment? Explain.
Kiner Corp. had the following balances in receivable accounts at October 31, 2010 (in thousands): Allowance for Doubtful Accounts $56; Accounts Receivable $2,870; Other Receivables $189; Notes Receivable $1,353.
What caused the change in Cisco's comprehensive income in fiscal year 2009? What was the amount of Accumulated other comprehensive income (loss) that Cisco reported in its July 28, 2009 balance sheet? Be specific.
The spectrometer would have no effect on revenues, but it is expected to save the firm $25,000 per year in before-tax operating costs, mainly labor. The firm's marginal federal-plus-state tax rate is 40%.
Explain how it is possible for Hefty to have a net loss but a positive cash flow from operating activities.
Determine leadership approaches, based on individuals and the situation. Highlight the principles you have applied from various leadership theories.
For 2010, stoneland corporation reported net income, 24,000; net sales 400,000; and average shares outstanding, 6,000. there werte no preferred stock dividends. What was the 2010 earnings per share?
palmer corporation issued and has outstanding 20000 shares of 10 par-value common stock and 1000 shares of 60 par-value
during periods of rising prices a perpetual inventory system would result in the same dollar amount of ending inventory
How are revenues and expenses reported on the income statement under (a) the cash basis of accounting and (b) the accrual basis of accounting?
larned corporation recorded the following transactions for the just completed month. a. 72000 in raw materials were
In recent months there have been many news stories in the press about executive compensation with stock options. This type of compensation occurs when an executive is granted the "option" to purchase the company's stock at a certain price sometime..
Karen had the following transactions for 2010: What is Karen's AGI for 2010?
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