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1. Alpha Centuri Corporation has retained earnings of $3,100,000 on January 1, 2010. During the year, Alpha Centuri earned $1,200,000 of net income. It declared and paid a $150,000 cash dividend. In 2010, Alpha Centuri recorded an adjustment of $110,000 due to the overstatement (from mathematical error) of 2009 depreciation expense. Prepare a retained earnings statement for 2010.
Accrues interest on the revenue bonds as of December 31, 2013 Records one year depreciation on the depreciable assets. The depreciable assets are estimated to have a useful life of 20 years.
the total assets of peterman co. are 931500 and its liabilities are equal to one fourth of its total assets. what is
An organization's budgets will often be prepared to cover:
on august 15 2012 a hurricane damaged a warehouse of folkman merchandise company. the entire inventory and many
p20-8 comprehensive 2-year worksheet glesen company sponsors a defined benefit pension plan for its employees. the
Under the high-low method of estimating fixed and variable costs from a mixed cost the highest and lowest cost levels are identified and the difference in activity is deemed to represent variable cost.
Flexibility, timeliness, and forward looking are said to be the prominent traits of modern management accounting, whereas standardization and consistency describe financial accounting.
Prepare journal entries to record these transactions and adjustments for 2008 and 2009.
which of the following is not a form of earnings management?a. changes in accounting assumptionsb. timing revenue
klaus toys just paid its annual dividend of 1.40. the required return is 16 percent and the dividend growth rate is 2
Of the remaining 80% (the credit sales), 60% are collected in the month of sale, with remaining 40% collected in the following month. What is the total cash collected (both from accounts receivable and for cash sales) in the month of January?
national products corporation participates in a highly competitive industry. in order to meet this competition and
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