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Select a company that maintains an inventory. Don't use a company that someone has already used. Please put the company name as the subject of your post. (No posting the company name only to hold it. You must make a full post or I will delete it.)
Access a recent annual 10-K report for the company at the EDGAR filings at www.SEC.gov or Yahoo or Google finance. Review the report and tell us the following:
1. When the report was filed and the time period it covers.
2. What are the company's major product lines?
3. What inventory methods do they use? (Hint: see the Notes of the financial statements)
4. If available list the major components of the inventory and their values.
5. Include any other information you find interesting about the financial statements.
Prepare the adjusting entry to allocate any over_ or underapplied overhead to cost of goods sold
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J. Larson & Company purchased the right to extract ore from a mineral deposit by paying $50,000 in cash and signing a $200,000 promissory note.
lucas company uses the weighted-average method in its process costing system. the company adds materials at the
The Bailey Corporation issued 5 year, 11% bonds with a face value of $300,000 on April 1 for $288,000. Interest is paid semiannually at October 1 and April 1.
Voluntary pension plan terminations have been increasing [see Stone (1987)] in which surplus plan assets are recaptured by sponsoring companies.
1. it sold land having a fair value of 905000 in exchange for a 3-year zero-interest-bearing promissory note in the
Relationships take time, and if you want them to succeed in a personal or business context, you have to make them a priority.
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Prepare all the journal entries necessary to record these transactions and close the Capital Projects Fund. In addition, identify the fund(s) used (a Vouchers payable account is not used).
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