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Last year, the company's variable costing net operating income was $80,500. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $18,400. What was the absorption costing net operating income last year?
18,400
80,500
98,900
62,100
Prepare in good form a balance sheet for the year ended December 31, 2011.
A review of the prior year's financial statements, the present year's budget, and January's source documents- Write in the missing amounts a through o above in the T-accounts above.
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as the representative from your accounting firm or practice you are in charge of stock market analysis that will be
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B. Higgins, J. Mayo, and N. Rice have capital balances of $95,000, $75,000, and $60,000, respectively - Journalize the withdrawal of Rice under each of the assumptions
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A company had net income of $450,000 in 2009 and $620,000 in 2010. The company had average total assets of $2,500,000 in 2009 and $3,000,000 in 2010. Calculate the return on total assets for 2009 and 2010. Comment on the results.
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