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During year 1, ABC Corp. sold goods to its 60% - owned subsidiary, DEF Corp. At December 31, year 1, one - half of these goods were included in DEF’s ending inventory. Reported Year 1 selling expenses were $1,000,000 and $500,000 for ABC and DEF, respec tively. ABC's selling expenses included $80,000 in freight - out costs for goods sold to DEF. What amount of selling expenses should be reported in ABC's year 1 consolidated income statement? a. $1,480,000 b. $1,450,000 c. $1,420,000 d. $1,400,000
Determine the firm's cost of retained earnings and the cost of new common equity. and If Dempere's after-tax cost of debt is 8%, what is the WACC with retained earnings? With new common equity?
The Inouyes filed jointly in 2011. They reported $16,000 of itemized deductions and they have two children, one of whom qualifies as their dependent. What is total amount of from AGI deductions they are allowed to claim on their 2011 tax return?
Send letters directly to third parties who hold the client's inventory and request they respond directly to us. which type of audit evidence and balance related audit objective is?
Translation and conversion are different. One is the physical exchange of one currency for another, and the other is the restatement of the currency in another form, such as British pounds, U.S. dollars, and Japanese yen.
What is the value of stock transferred from Lime to Lemon? What is the amount of gain (loss) realized and recognized by Lea from the merger? What is Lea’s basis in her Lime stock?
Prepare an unadjusted trial balance and record depreciation using a 5-year life on the office equipment, the straight-line method, and no salvage value. Round to whole numbers. Also, record an adjustment for office supplies used in the amount of $510..
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding?
track town co. had the following transactions involving intangible assetsjan. 1 purchased a patent for leather soles
assume sam sell 2500 books on account for 11 each cost these book is 16500 on 10th october 2012. one hundred of these
What are the technical agendas or phases and accompanying dates for the conceptual framework convergence project between the FASB and IASB?
Find out or prepare the price/earnings ratio, the dividend payout ratio, the dividend yield, book value, and earnings per share, and identify whether you would consider this company a good investment, with regard to your personal investment object..
Prepare the necessary journal entry to update the allowance for doubtful accounts assuming that the balance prior to preparing the aging was a credit of $100,000.
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