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ABC, a holder of a $400,000 XYZ Inc. bond, collected the interest due on June 30, 20X8, and then sold the bond to DEF Inc. for $365,000. On that date, XYZ, a 90 percent owner of DEF, had a $450,000 carrying amount for this bond. Based on the information given, what amount of gain or loss on bond retirement was recorded?
bsu inc. wants to purchase a new machine for 30400 excluding 1200 of installation costs. the old machine was bought
deskins clothiers is a small company that manufactures tall-menssuits. the company has used a standard cost system. in
on march 1 fixtures and equipment were purchased for 4000 with a downpayment of 2000 plus a 2000 note payable in one
1.the following data pertains to activity and the cost of cleaning and maintenance for two recent monthsmonth 1month
For 2006, gross profit percentages were 30% of sales for Prince and 40% of sales for Kile. The amount of unrealized intercompany profit in ending inventory at December 31, 2006 that should be eliminated in the consolidation process is:
Compute the percentage increase or decrease in net sales and also in net income (net loss) from 2005 to 2007. Which item grew faster during this two-year period, net sales or net income (net loss)? Can you offer a possible explanation for these ch..
Mary and Jane, unrelated taxpayers, hold Gray Corporation's stock equally. One year before the complete liquidation of Gray, Mary transfers land (basis of $600,000, fair market value of $180,000) to Gray Corporation as a contribution to capital.
What is the amount of gross profit and what is the amount of operating income, What is the amount of pretax income?
Tax professional to decide on the best course of action from a tax perspective on their issues. make a three page memo (at least 300 words per page) to John and Jane Smith addressing the issues presented.
xtreme sports has 100000 of 8 noncumulative nonparticipating preferred stock outstanding. xtreme sports also has 500000
In a segmented contribution format income statement, what is the best measure of the long-run profitability of a segment?
Calculate the multifactor productivity composed of labor and capital units shipped plus finished goods for PCCorp. In place of fixed costs use (sales + finished goods)
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