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The Molding Department of Kennett Company has the following production data: beginning work in process 25,000 units (60% complete), started into production 425,000 units, completed and transferred out 400,000 units, and ending work in process 50,000 units (40% complete).
Assuming materials are entered at the beginning of the process, equivalent units for materials are:
Richman Company for $30,000,000. The following details pertain to the contract: Percentage of completion Estimated total cost of contract Gross profit recognized to date At December 31, 2007 25% $22,500,000 1,875,000 At December 31, 2008 60% $25,0..
Make journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases
How is UPS performing? What factors are driving this performance? Is the current performance likely to be sustained? Why or why not?
bruno company has decided to expand its operations. the bookkeeper recently completed the balance sheet presented below
mayfair mining company had a total depletable capitalized cost of 656000 for a mine acquired in early 2013. it was
the demand forecast for the next four periods is 80 110 120 and 145 units respectively. the plant has a regular
Gordon uses a minium desired rate of return of 12% for selecting new projets and for evaluating the three divisions using residual income (RI). The firm's weighted-average cost of capital is 8%.
Pirate, Inc. leased equipment from Shoreline Enterprises under a four-year lease requiring equal annual payments of $180,000, with the first payment due at lease inception.
For the current year, Maple Corporation, a C corporation, reports taxable income of $200,000 before paying salary to its sole shareholder, Diane.
Make the journal entries to record the following transactions in Hunt Ltd’s records by using perpetual inventory system.
List all the entries made by Spectacor in the final year of the lease.
Zeta Co. has outstanding 100,000 shares of $100 par value cumulative preferred stock which has a dividend rate of 6 percent. Calculate the amount of dividends in arrears on Zeta's preferred stock.
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