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Bob has 2,000,000 of shoes in stock that cost $12 per pair. You are also able to determine the following amounts:
NRV= $11.25 Replacement cost= $11.10 NRV minus normal profit margin= $10.85 Calculate the value of the inventory under both IFRS and US GAAP.
Your roommate, Jill Blalock, purchased a new portable DVD player just before this school term for $80.
Mr. and Ms.Ostedt have just purchased an $80,000 home and made a 25% down payment. The balance can be amortized at 10% for 25 years.
Which of the following is a significant disadvantage of a general partnership
The firm uses the effective interest method of amortising discounts and premiums. The bonds were sold to yield an effective interest rate of 10%.
A. Low Carb Diet Supplement, Inc. has two divisions. Division A has a profit of $100,000 on sales of $2,000,000. Division B is only able to make $25,000 on sales of $300,000. Based on the profit margins (returns on sales), which division is superior?
What is the age limitation for a student and a non student? What is the income limitation for a dependent? Who is a qualified child?
Prepare the journal entry to record Autumn Company's issuance of 63,000 share of no-par value common stock assuming the shares;
O'Bria Service Company purchased a copier on January 1, 2012, for $17,000 and paid an additional $200 for delivery charges. The copier was estimated to have a life of four years or 800,000 copies.
Assuming the Koger uses straight-line depreciation, what is the net book value for machine #25624 on March 31, 2008?
When one media company buys another, goodwill is often the most costly asset acquired. World media paid $700,000 to acquire-Journalize World Media's acquisition of The Dandy Dime.
Under the terms of his salary agreement, president Juan Rivera has an option of receiving either an immediate bonus of $40,000, or a deferred bonus of $75,000 payable in 10 years.
Best Rate Bank just issued some new preferred stock. The issue will pay a $10 annual dividend in perpetuity, beginning 10 years from now. If the market needs a 7% return on this investment
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