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Question 1: The accountant for Rimmerex Corporation used a spreadsheet to prepare information needed to prepare the statement of cash flows for the year ending December 31, 20X5. However, the data were accidentally sorted alphabetically into the following listing of items. To compound the problem, the "add" and "subtract" notations for each line item were also deleted. Review the information, and prepare a correct presentation, using the indirect approach. The beginning cash balance was $63,800, and the ending cash balance was $415,000.
Question 2: Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4.
(a) Arrange the cost data into a statement of cost of goods manufactured.
(b) If Ashley's cost of goods sold for the month was $4,000,000, how much was the increase or decrease in finished goods inventory for the month of September?
Through the year, Designs, Inc. made estimated tax payments of $1,500 each quarter to the IRS.
Oehkle Inc. produces paint in a process in which spoilage occurs continually. Spoilage of 2 percent or fewer of the gallons of raw material placed into production is considered normal. The following operating statistics are available for June 2010..
Each shareholder owns some other depreciated business properties that they could give to the corporation as a contribution to capital approximately 20 months before they formally develop their plan of liquidation and liquidate the corporation.
Determine net operating income after tax (NOPAT) and net income for each alternative and compute return on common shareholders" equity for each alternative (use ending equity).
Identify and explain the assurance that might be provided by an assurance engagement on an integrated report and identify the types of possible conclusion which such a report might give.
question 1the whitton co. has an opportunity to purchase a computer now for pound18000 that will yield annual net cash
Prepare any essential journal entry or entries
Assuming the first in first out (FIFO) method is used, what is Marty's total Cost of Goods Sold for the month of January?
Identify suitable method to separate the fixed and variable elements of total costs and explain the identified method calculate the revenue that should be expected in year 2015 when hits is expected to be 75,000 units.
Evaluate the 2010 cash-basis net income and evaluate the 2010 accrued-basis net income (show calculations)
The study of advanced Cost accounting focuses on the significance of analyzing and managing costs; activity-based management, process costing and cost allocation; planning and decisions making, and evaluating and managing performance.
Prepare journal entry to record the acquisition of the land - Fielder company obtained land by issuing 2,000 shares of its $10 par value ordinary shares.
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