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An audit revealed that in determining these amounts, the ending inventory for 2012 was overstated by $18,000. The company uses a periodic inventory system.What is the effect of this overstate in Cost of goods in 2012 and 2013?
Ralite Company had net income for the year of $20 Million. It had 2 Million sharees of comon stock outstanding, with a year-end market price of $82 a share. Dividends during the year were $5.74 a share.
what is fasbs stance on companies recording compensation expense for stock options plans? what method is preferable?
youre trying to save to buy a new 210000 ferrari. you have 50000 today that can be invested at your bank. the bank pays
the inventory accounts for billings incorporated for the years ending december 31 2011 2012 and 2013 are shown in the
David is admitted to an existing partnership. Several partnership debts and obligations have become due. With regards to ONLY those debts and obligations arising AFTER David joined the partnership.
calculate material mix variance using 1 original standard mix ratio 2 revised standard mix ratiofor material a whose
this is for an accounting class. ive asked this before but cant seem to get anybody to answer the second part of the
Using the principles discussed in this chapter and time-driven ABC, what is the rate per hour for each packaging and shipping employee at CAN?
Prepare the journal entries for these transactions, assuming that the common stock has a par value of $3 per share. Prepare the journal entries for these transactions, assuming that the common stock is on-par with a stated value of $2 per share.
Explain when you would use a process costing system and what the purpose of equivalent units is.
On January 1, 2004, Foster Company sold property to Agler Company which originally cost Foster $570,000. There was no established exchange price for this property.
starling chemical uses a weighted average process-costing system. the following data relate to maywork in process may
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