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Titan Football Manufacturing had the following operating results for 2014: sales = $19,800; cost of goods sold = $13,960; depreciation expense = $2,350; interest expense = $335; dividends paid = $570. At the beginning of the year, net fixed assets were $14,800, current assets were $2,960, and current liabilities were $2,050. At the end of the year, net fixed assets were $17,540, current assets were $3,320, and current liabilities were $2,140. The tax rate for 2014 was 30 percent.
1. What is net income for 2014, What is the operating cash flow during 2014, the cash flow from assets, Cash flow to creditors and cash flow to stockholders?
Which of these is not included in an employer's payroll tax expense?
selecting a for-profit organization of interest you will research an unusual or conflicting accounting principle that
at a premium, or at a discount
The average credit card debt carried by college students was compared at public versus private universities. It was reported that a significant difference existed between the two types of institutions and that students at private universities carr..
Job 121 was completed during September, but was unsold as of the end of the month. Jobs 120 and 122 were still in process on September 30. What is the predetermined overhead rate?
on december 31 of the current year a companys unadjusted trial balance included the following accounts receivable debit
How are the company's assets classified?
On January 1, 2010, Kentwood Company issued bonds with a face value of $800,000. The bonds carry a stated interest of 7% payable each January 1 and July 1. Prepare the journal entry for the issuance assuming the bonds are issued at 97.
Using the net present value method, the present value of cash inflows for Project A is $44,000 and the present value of cash inflows of Project B is $24,000. If Project A and Project B require initial investments of $40,000 and $20,000, respective..
lehighton chalk company manufactures blackboard chalk for educational uses. the companys product is sold by the box at
barney toys company manufctures large and small stuffed animals. it has a lon-term contract with large chain of
Prepare the potential entry for the items above. Make only one combined entry.
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