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X-Beams Inc. owned 70% of the voting common stock of Kent Corp. During 2011, Kent made several sales of inventory to X-Beams. The total selling price was $180,000 and the cost was $100,000. At the end of the year, 20% of the goods were still in X-Beams' inventory. Kent's reported net income was $300,000. What was the noncontrolling interest in Kent's net income?
the company determined that the copyright would expire at the end of 2016. How much should the co. record as amortization expense for copyright for 2011?
Which project would you recommend using the replacement chain method to evaluate the projects with different lives?
Calculate the break-even point in (1) dollars and (2) number of fares. Without calculations, determine the contribution margin at the break-even point.
The equipment was used for 8,000 hours during 2006, 7,500 hours in 2007, and 5,500 hours in 2008. Instructions Determine the amount of depreciation expense for the years ended December 31, 2006
Purpose two income statements and the Retained Earnings Statement. Use the single-step format and multiple-step income formats and income statement in the period
What transfer price would you choose to use for the fabric assuming that the Fabric division is operating at only 60 percent of capacity due to a surge in popularity of “easy-care” fabrics made of polyester and rayon?
addressing the extent of that organization's leadership's strategic tunnel vision, "all or nothing" thinking, fleixiblility, and focus on key factors. You will provide an argument for why you think each does or does not exist for that organizatio..
Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depr..
total current assets of $675,000, and cash and marketable securities of $100.000 in 2007. What were the company's annual sales and its ACP for that year?
The common shares have a market price of $6 per share on the grant date. Ignoring taxes, what is effect on earnings in the year after the shares are granted to exec's?
What amount should the rights be reported in the consolidated balance sheet and What effect does the dividend have on the retained earnings and minority interest balances in the parent company's consolidated balance sheet
Arthur Jones is the partner in charge of the audit and plans to review the audit work in a few days. He is unaware of any potential delay. Illustrate what should Mary do?
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