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The comparative balance sheet of Portable Luggage Company at December 31, 2008 and 2007, is as followsAn examination of the income statement and the accounting records revealed the following additional information applicable to 2008:
a. Net income, $204,800b. Depreciation expense reported on the income statement: buildings, $20,500; machinery and equipment, $9,000c. Patent amortization reported on the income statement, $5,500d. A building was constructed for $230,000e. A mortgage note for $90,000f. 4,000 shares of common stock were issued at $38.50 in exchange for the bonds payableg. Cash dividends declared, $52,000
Instructions:Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.
Clue: Net cash flow from operating activities is $221,700
The chief accountant of kamau ltd
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compute the arithmetic mean rate of return and standard deviation of rates of return for the two series
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Terry Corporation had 300,000 shares of common stock outstanding at December 31, 2010. In addition, it had 90,000 stock options outstanding, which had been granted to certain execu
Explain the meaning of the terms "tangible" and "intangible" and discuss how these terms are used in describing assets.
Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
is it compulsory to give premium for goodwill while entering into a business..
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