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13. Gibson Corp. owned a 90% interest in Sparis Co. Sparis frequently made sales of inventory to Gibson. The sales, which include a markup over cost of 25%, were $420,000 in 2009 and $500,000 in 2010. At the end of each year, Gibson still owned 30% of the goods. Net income for Sparis was $912,000 during 2010. What was the non-controlling interest's share of Sparis' net income for 2010?
Determine the present value of the bonds payable, using the present value tables in the above Exhibits. Round to the nearest dollar.
Albert purchased a tract of land for $140,000 in 2006 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000.
In determining a partner's basis in the partnership interest, which of the following reflects a correct adjustment?
Journalize the transactions. Determine the amount to be reported as an investment in Connorsstock at December 31.
During the third year, Walland Corporation paid total cash dividends of $736,000. A. b. c. Compute the amount of cash dividends paid during the third year to each of the three classes of stock. Compute the dividends paid per share during the third..
The cash balance in ABC Company's general ledger is $14,000 and the cash balance shown on its bank statement is $19,000. Reconciling items include outstanding checks totaling $8,000.
Pardee Company earned $25,000 of cash revenue. What kind of transaction is this?
A barn, destroyed by fire, had a basis of $40,000. The owner received $50,000 in insurance proceeds. The barn was replaced by another barn costing $45,000. The basis of the new barn is:
Tonga Industries reported the following: Net Sales $450,000 Cost of goods sold $360,000 Operating expenses $60,000 Tax Rate 40% The net income is:
The measurement date for shares issued to employees in share option plans accounted for using the fair-value method is:
Assume you're bearish on Stock Y and decide to sell short 100 shares at the current market price of $30 per share. You earn no interest on the funds in your margin account and the cost of borrowing shares is 0.25%.
Prepare journal entries to record the following transactions entered into by Harper Company:
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