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Questions -
Q1. On January 2, 2018, Baltimore Company purchased 10,000 shares of the stock of Towson Company at $11 per share. Baltimore did NOT obtain significant influence as the purchase represents a 15% ownership stake in Towson Company. On August 1, 2018, Towson Company paid cash dividends of $25,000. Baltimore Company intended this investment to a long-term investment. On December 31, 2018, Towson Company reported $55,000 of net income for FY 2018. Additionally, the current market price for Towson Company's stock increased to $19 per share at the end of the year. Use this information to determine, how much Baltimore Company should report for its investment in Towson Company on December 31, 2018. (Round to the nearest dollar.)
Q2. Frederick Company has two service departments (Cafeteria Services & Maintenance). Frederick has two production departments (Assembly Department & Packaging Department.) Frederick uses a step allocation method where Cafeteria Services is allocated to all departments and Maintenance Services is allocated to the production departments. All allocations are based on total employees. Cafeteria Services has costs of $195,000 and Maintenance has costs of $255,000 before any allocations. What amount of Maintenance total cost is allocated to the Packaging Department? (round to closest whole dollar) Employees are:
Cafeteria Services 3
Maintenance 5
Assembly Department 8
Packaging Department 7
what is the journal entry here on the dog companys books? sony pictures hires the dog company to design a dog park.
Use the Internet to research one (1) publicly traded company that committed fraud within the last five (5) years and the fundamental drivers of the fraud.
A pension asset is reported when: a. the accumulated benefit obligation exceeds the fair value of pension plan assets. b. the accumulated benefit obligation exceeds the fair value of pension plan assets, but a prior service cost exists.
Review the roles of management accounting within a company. What is the most important role of management accounting? How is that different than financial accounting?
What is the maximum discount rate, as a whole number, that he could use to evaluate the project that would yield a positive cash flow?
Ordering and Carrying Costs, EOQ Q-Beck Company uses 50,000 circuit boards each year in its production of stereo units. The cost of placing an order is $50.
Please research and explain what the common-size income statement is trying to accomplish
Windows of the World (WOW) produces decorative windows in several styles and finishes. The company uses a job order costing system.
abbe company reported the following financial numbers for one of its divisions for the year average total assets of
For the year ended December 31, 2017, Tyre Co. reported pre-tax financial statement income of $750,000. What amount should Tyre report as current income tax
What will happen to the book value per share, the market value per share, and the EPS? What is the NPV of this investment?
Is cash-basis accounting more reliable than accrual-basis accounting because the former deals with actual cash received and paid?
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