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James, Inc. incurred the following infrequent losses during 2012:?A $140,000 write-down of equipment leased to others.?A $80,000 adjustment of accruals on long-term contracts.? A $120,000 write-off of obsolete inventory.? In its 2012 income statement, what amount should James report as total infrequent losses that are not considered extraordinary?
Determine the total equity for Fong's business at year-end and What is the equity at the end of the year
On January 1, 2009, the estimate of useful life was changed to a total of 12 years, and the estimate of residual value was changed to $20,000. Create the appropriate adjusting entry for depreciation in 2009 to reflect the revised estimate.
Wynn, Inc. believes there are inherent hazards in contract beyond the normal, recurring business risks. Wynn, Inc. expects to recover all its costs under contract. Under these conditions, what amount of revenue should Wynn, Inc. identify in each o..
Determine the balance in the investment account after the shares had been sold What was the reported balance of Wells Investment in Wilson Co. at December 31, 2011?
Calculate this company's profit margin, total asset turnover, and return on total assets for 2009 and 2010. Comment on the results.
Estimate cost of goods sold and the cost of the July 31 ending inventory using the retail method of evaluation. (Omit the "$" sign in your response.)
Base on the ratios computed in requirement a, comment on the apparent effects of Whirlpool's acquisition of Maytag. Assume any significant change in these ratios was the result of the aquistion. Calculate the ratios?
Evaluate its cost of common equity and What is the WACC - Cost of common equity and WACC
Effect of different type of lease transaction in balance sheet and Make any necessary simplifying assumptions as we did in class.
The company declares a total dividend of $ 200,000. If the dividends on preferred stock are one year in arrears ( in addition to the current year), how will total dividend be divided between the common and preferred stock?
Responsibility Accounting Performance report for various departments in firm and The office department's annual budget and its actual costs
Which alternative would you recommend that the company accept? Show all computations using the net present value approach. Show separate computations for each project.
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