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Small Company reported 20X7 net income of $40,000 and paid dividends of $15,000 during the year. Mock Corporation acquired 20 percent of Small's shares on January 1, 20X7, for $105,000. At December 31, 30X7, Mock determinded the fair value of the shares of Small to be $121,000. Mock reported operating income of $90,000 for 20X7.
golden sales has bought 135000 in fixed assets on january 1st associated with sales equipment. the residual value of
exercise 5-9 compute and use the degree of operating leverage lo8eneliko company installs home theater systems. the
Prepare journal entries to record the issuance of the bonds and the accrual of interest on December 31, 2012
1.company is open 7 days a week and has a daily payroll of 1750. employees are paid every friday december 31 is a
What is the impact on total shareholders' equity
Assuming that the cost method of accounting for treasury stock transaction is used, what is time effect of the subsequent reissuance of the treasury stock on each of the following?
at the beginningof the year caples co had total assets of 800000 and total liabilities of 300000. if during the year
A business is purchased for 250,000. The fair market value of assets are equipment 90,000, building 135,000, and goodwill 15,000. What is the cost basis for each asset?
What are the advantages of the four different special journals? When would you use each type? What is a subsidiary ledger and what purpose does it serve?
Woods sold all of the Holmes stock for $17 per share on December 3, 2011, incurring $14,000 in brokerage commissions. Woods Company should report a realized gain on the sale of stock in 2011 of ??
China Inc. produces custom-painted cake plates for a number of major department stores. During the most recent week, the company prepared 6,000 platesusing 1,150 direct labor-hours.
Brite Star Co. determined that J. Reno's account was uncollectible and wrote off $1,500. On June 12, 2010, Reno paid the amount previously written off. Prepare the journal entries on December 31, 2009, May 11,2010 and June 12,2010
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