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BTS Company made 4,200 bookshelves using 22,300 board feet of wood costing $272,060. The company's direct materials standards for one bookshelf are 8 board feet of wood at $13 per board foot. (1)Compute the direct materials variances incurred in manufacturing these bookshelves.
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What is the amount of gain on early extinguishment of bonds?
Elizabeth's property had an adjusted basis of $9000 and a fair market value of $10,500, and Elizabeth gave Debbie $4500 in cash. Determine Debbie's and Elizabeth's realized gain of loss, recognized gain or loss and the basis in their new property.
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As planning materiality is decreased, the auditor would most likely plan more tests of transactions to.
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