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XYZ Company uses the LIFO method for inventory costing. The company reported total inventory of $441 million on their balance sheet as of 12/31/2012. It reported a LIFO reserve of $72 million at the beginning of the 2012 fiscal year and a LIFO reserve of $86 million at the end of the 2012 fiscal year. Cost of goods sold reported on the 2012 income statement was $2,900 million.What would the company have reported for inventory at 12/31/2012 on its balance sheet had the company used FIFO to account for inventory costs?
Olivia, a calendar year taxpayer, does not file her 2010 return until December 12, 2011. At this point, she pays the $40000 balance due on her 2010 tax liability of $70000.
What are E's contribution margin ratio, gross profit ratio and operating (net) income ratios?
If Granberry Enterprises uses the three activity cost pools to allocate overhead costs, what are the activity-cost driver rates for supervision of direct labor, machine maintenance, and facility rent, respectively?
from each business management domain identify the two most important areas a cio should accept responsibility for in
A company $100 million of fixed interest rate bonds payable at $98 million. At year-end, the bonds were selling in the bond market at $97 million. What entry would Moore Company make at year-end to record the change in selling price?
In manufacturing its products for the month of September 2010, El Dorado Corporation incurred normal spoilage of $7,000 and abnormal spoilage of $3,000. How much spoilage cost should El Dorado charge as inventoriable for the month of September 201..
charlie brown controller for the kelly corporation is preparing the companys income statement at year-end. he notes
on january 1 20x6 climber corporation acquired 90 percent of wisden corporation for 180000 cash. wisden reported net
research the doctrine of promissory estoppel online. use an actual case to help you discuss the following questionshow
if an institution concludes that an individual loan specifically identified for evaluation is not impaired under fas
Among the short-term obligations of Lance Company as of December 31, the balance sheet date, are notes payable totaling $250,000 with the Madison National Bank. These are 90-day notes, renewable for another 90-day period. What should these notes s..
at franklis incorporated during the month of january the direct labor rate variance was 2500 unfavorable and the direct
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