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What are the differences between fair value cash flow and foreign currency hedges? What is the difference between accounting for foreign currency transactions and foreign currency translations? Are there disclosure requirements in the United States that govern the reporting practices of foreign currency transactions? Provide examples.
What are earnings per share amounts that Porter should report in its current year consolidated income statement? (Round your answers to 2 decimal places. Omit the "$" sign in your response.)
What's the beginning balance per the books and What are the total amounts of outstanding checks
prepare a memo to the chief accountant that includes the computations needed to determine primary and diluted earnings per share
Jonas won a lottery that will pay him $200,000 at the end of each of the next twenty years. Zebra Finance has offered to purchase the payment stream for $2,718,000. What interest rate (to the nearest percent) was used to determine the amount of t..
You're trying to save to buy a new $170,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.3 percent interest on its accounts. how long will it be before you have enough to the buy the car?
Another client gave her a check for $750 on December 31, 2011, but after the bank had closed. Both the $500 and $750 checks cleared the next year. Evaluate how much does Sarah have to include in her gross income for 2011?
The coupons expire in one year. The store normally recognizes a gross profit margin of 40% of the selling price on video games. How would the store account for a purchase using the discount coupon?
The beginning and ending balances in salaries payable were $40,000 and $15,000, respectively. Illustrate what was the amount of cash paid for salaries?
Compute the sales level required in both dollars and units to earn $210,000 of after-tax income in 2010 with the machine installed and no change in unit sales price. Assume that the income tax rate is 30%.
Suppose that if bowling shoes were dropped, sales of athletic shoes could drop by 10%. What impact would losing 10 percent of the sales of athletic shoes have on overall profitability?
Determine the payback period for the proposed investment and determine the net present value for the proposed investment.
At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $5,000 in cash. Illustrate what is the amount of the taxable gifts, if any, made by Samantha this year?
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