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Condensed data taken from ledger of Crawford Company at 31st December, 2011 and 2010, are as given: 2011 2010 Current assets 200,000 $180,000 Property, plant, and equipment 450,000 400,000 Intangible assets 20,700 30,000 Current liabilities 70,000 80,000 Long-term liabilities 200,000 250,000 Common stock 275,000 200,000 Retained earnings 125,700 80,000 Arrange a comparative balance sheet, with horizontal analysis, for 31st December, 2011 and 2010.
Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of July 31. 2005.
Determine the direct materials price variance and the direct materials efficiency variance for the year.
Compute Janice Morgan's 2011 Federal income tax payable. If you use tax forms for your computations, you will need Forms 1040 and 4562 and Schedules A, B, C, and SE. Suggested software: H&R BLOCK At Home.
Allocate the joint costs to Betalite and Alphalite under the subsequent methods: a. Sales value at splitoff b. Physical measure (pounds) c. Net realizable value
By accessing this problem Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor.
Evaluating revenues, expenses and income. Fill in the blanks in the following separate income statements a through e. Check any negative amount by putting it in parentheses.
Which product or products should be sold at the splot-off point, and which product or products should be processed further? Show computations.
What amount should appear in the allowance for doubtful accounts in the December 31, balance sheet for the current year and How are the direct write-off method and the allowance method applied in accounting for uncollectible accounts receivables?
Which of these should be included in the initial project cash flow related to net working capital and What amount should be used as the initial cash flow for this building project
Why would a company pay to have its public debt rated by a major rating agency (such as Moody's or Standard and Poor's)? Why might a firm choose not to have its debt rated?
Organize the appropriate journal entries through the maturity of each liability.
What is the total present value of the project?
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