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Bienvenu Enterprises reported cost of goods sold for 2010 of $1,946,000 and retained earnings of $7,228,000 at December 31, 2010. Bienvenu later discovered that its ending inventories at December 31, 2009 and 2010, were overstated by $152,900 and $62,550, respectively. Determine the corrected amounts for 2010 cost of goods sold and December 31, 2010, retained earnings.
doug and sue click file a joint tax return and decide to itemize their deductions. the clicks income for the year
explain what you think albert should do in a 700-1050 word paper.organize your paper using the following section
sindler corporation sold 3000 units of its product at a price of 13 per unit. total variable cost per unit is 7.50
some years ago starbucks corporation accused an employee and her husband for embezzling 3.7 million by billing the
Prepaid Insurance $3,600; Cash $15,400; Supplies $5,200, and Short-term Investments $6,700. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.
In the case of a privately held company, what should be the focus of management, to meet all the reporting guidelines set by the FASB ASC, or to maximize the profits of the company?
a. What were Big Bob's ground beef price and quantity variance for the most recent week? b. What factor(s) could explain Big Bob's ground beef variances?
a foreign corporation can structure its u.s. operations as either a branch or a subsidiary. what are the tax advantages
Both companies will have the same net income. Which of the following is an example of a payroll tax expense incurred by the employer?
a company is considering replacing old equipment with new equipment. which of the following is a relevant cost for
Go to a website that discusses FASB, SEC, IFRS, and/or IASB. Describe and discuss the standards and rulings that are being contemplated through pending discussion drafts and exposure documents of FASB and IASB.
Sage, Inc., a closely held corporation that is not a PSC, has a $140,000 passive loss, $85,000 of active business income, and $35,000 of portfolio income. How much of the passive loss can Sage deduct?
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