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1.Some tax rules can be justified on multiple grounds (e.g. Economics, social, etc.). In this connection, comment on the possible justification for the rules governing the following: a. Energy conservation and pollution control b. Pension plans c. Education d. Home ownership
2.The state highway department condemns some of Chad's grazing land. The land cost Chad $20, 000, and the condemnation award is the land's fair market value of $100,000. Shortly after the condemnation, Chad buys replacement grazing land. What is his recognized gain if the replacement land cost? A $70,000? B $110,000? C $20,000? D what, if any, is the justification for deferring the recognition of gain on the involuntary conversion?
Thestockholders' equity section of Kay Corporation at the end of thecurrent year showed. Calculate the average price per share for which the common stock was issued.
the charlotte facility s supply of recycled materials may no longer support three product lines. in addition the
on june 1 cline co. paid 800000 cash for all of the issued and outstanding common stock of renn corp. the carrying
the inventory at june 7 2012 and the costs charged to work in process-- december b during april for haw company are as
Prepare the operating activities section of the statement of cash flows using the indirect method - The income statement of Zamora Inc
millworks company owns a milling machine that cost 12500 and has accumulated depreciation of 91000. prepare the entry
Equivalent units for materials total 20,000. There were 16,000 units completed and transferred out. Equivalent units for conversion costs equals 18,000. How much are the physical units for conversion costs if ending work in process is 50% complete..
the shoe outlet has paid annual dividends of 0.65 0.70 0.72 and 0.75 per share over the last four years respectively.
an employee receives an hourly rate of 24 with time and a half for all hours worked in excess of 40 during a week.
Balance sheet accounts for Dale's Delight ful Florist Shoppe at the end of a recent fiscal year are listed below. Prepare a schedule demonstrating the assets= liabilities + owner'sequity for the company.
the auditor in auditing payroll wants to determine that the individuals included in her sample were employees of the
Standard variable manufacturing costs were $15 per unit, and total budgeted fixed manufacturing overhead was $150,000. If there were no variances, net income under absorption costing would be:
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