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Simmons Corporation owns stock of Armstrong, Inc. Prior to 2012, the investment was accounted for using the equity method. In early 2012, Simmons sold part of its investment in Armstrong, and began using the fair value method. In 2012, Armstrong earned net income of $73,100 and paid dividends of $95,300. Prepare Simmons's entries related to Armstrong's net income and dividends, assuming Simmons now owns 12% of Armstrong's stock.Description Debit Credit $ $ $?
How much rental income must Billy Dent include on his 2010 income tax return?
Swanson Corporation issued $8 million of 20-year, 8 percent bonds on April 1, 2009, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2029. Swanson's fiscal year ends on Decemb..
Explain the basics steps in payroll cycle, discuss the internal control weakness within payroll cycle in general and explain the choices or solutions available to overcome weakness within the payroll cycle.
As the accounting manager, write a memo to Mr. Talbott, explaining why the ending inventory figure should be extremely accurate, with as little slack as possible.
matheson electronics canadian branch will help introduce into canada the just developed new electronic device which
what is the process for adjusting the value of a trading or available-for-sale security after a valuation account has
at the beginning of 2011 robotics inc. acquired a manufacturing facility for 12 million. 9 million of the purchase
the most likely reason for allocating all corporate costs to divisions include that divisions receive benefits from all
1.a company is contemplating investing in a new piece of manufacturing machinery. the amount to be invested is 150000.
From an organizational point of view, two approaches to transfer pricing are (a) to let the managers of profit centers bargain with one another and arrive at their own transfer prices
tanzlin manufacturings common stock has a beta of 1.5. if the expected risk-free return is 9 and the expected return on
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