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Shimmer Inc is a calendar year end, accrual method corporation. This year its sells the following long term assets:
Assets Sales Price Cost Acc. Depr
Building $230,000 $200,000 $52,000
Equipment $ 80,000 $148,000 $23,000
Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $800,000. What are Shimmer's taxable income and tax liability for the year?
executive officers of dominick company are wrestling with their budget for the next year. the following are two
Rolla Company was founded in 2010. It acquired $30,000 cash by issuing stock to investors and an additional $20,000 cash by borrowing from creditors. During 2010 it received $15,000 cash revenues and paid $22,000 in cash expenses.
E-commerce creates its own risks and therefore special internal controls. Identify and explain one pitfall and one security measure for an online business and provide examples of how your selected security measure will strengthen internal control.
Innova also incurs 5% sales commission ($0.35) on each disc sold. Mudd Corporation offers Innova $4.75 per disc for 5,000 discs. Mudd would sell the discs under its own brand name in foreign markets not yet served by Innova.
V Company's product has a labor standard of 2 hours per unit. For 2011, it estimates its production will be 200,000 units (400,000 DLHs). It budgets total overhead at $900,000, which results in a fixed overhead rate of $1.50 per hour.
Compute (a) basic earnings per share, and (b) diluted earnings per share.
What accounting and other information could you look at to assist management in computing possible damages?
can you help me to answer these question? ltbrgti need to complete it on 1492014 so can you do it quicklu for me pls?
Income from operations for Division B is $150,000, total service department charges are $400,000and operating expenses are $2,266,000. What are the revenues for Division B?
On jan 1 07 daniels company contained these liability accts. Accts payable 42,500 Sales tax payable 6,600 Unearned service revenue 19,000 During january
Monterey Corporation is considering the purchase of a machine costing $52,000 with a 4-year useful life and no salvage value. Monterey uses straight-line depreciation and assumes that the annual cash inflow from the machine will be received unifor..
Illustrate the effects of the payment of the face value of bonds at maturity on the accounts and financial statements.
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