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Orbus company has a 30,000 unrealized gain and a 10,000 unrealized loss. Where would Orbus company report these transactions? A. on the balance sheet as a current asset B. in stockholders' equity. C. other comprehensive income D. only in non-current assets and liabilities.
The amount of unrealized intercompany profit which should be eliminated in the consolidation process at the end of 2006 is:
The $300,000 loan was made to Brad in late 2007, and he used the money to create a very successful business. The note was forgiven by Kenneth in his will. What are the estate tax consequences of these transactions?
visit the website of your favorite u.s. company. find the companys financial statements in the section of the website
Gallow's reported net income was $204,000, and Race's net income was $806,000. Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?
John Roberts is 60 years old and has been asked to accept an early retirement from his company. The company has offered John three alternative compensation packages to induce John to retire.
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 50,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share di..
Compute the budgeted factory overhead rate
BE10-10 Halloway Company has issued three different bonds during 2011. Interest is payable semiannually on each of these bonds.
Compute the total cost per ton of ore mined in the first year. (Show computations by setting up a schedule giving cost per ton.)
Lehman Corporation purchased a machine on January 2, 2011, for $2,000,000. The machine has an estimated 5-year life with no salvage value.
rhinos landscaping sells a quality brand of hoes shovels and rakes in a sales mix of 242 25 50 25.nbspnbspthe companys
What are the advantages and disadvantages of the US GAAP bright line approach versus the IFRS conceptual approach in determining the classification of a lease?
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