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Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $56,000 and at the end of the month was $42,400. The cost of goods manufactured for the month was $234,000. The actual manufacturing overhead cost incurred was $168,100 and the manufacturing overhead cost applied to Work in Process was $158,000. The adjusted cost of goods sold that would appear on the income statement for July is?
Dolan Manufacturing Company's accounting records reflect the following inventories:
Lane included the entire $90,000 in its 2007 income tax return. What amount should Lane report in its 2007 income statement for subscriptions revenue?
Assume that the fair value of the Dryer division is $1,100,000 instead of $1,250,000. Prepare the journal entry to record the impairment loss, if any, on December 31, 2004.
Finx, Inc., purchased a truck for $35,000. The truck is expected to be driven 15,000 miles per year over a five-year period and then sold for approximately $5,000. Determine depreciation for the first year of the truck's useful life by the straigh..
In taking out a Trial balance, a book keeper finds that he is out Rs.1600 excess debit. Being desirous of closing his books, he places the difference to a newly opened suspense account. In the next period, he discovers the following discrepancies.
The high-low method
When translating foreign subsidiary income statements using the current rate method why are some accounts translated at an average rate?
trevi corporation recently reported an ebitda of 31975600 million and 9566600 million of net income. the company has
what do we mean by amortization? suppose a loan is being amortized. what would happen over time to the size of the
red rock inc. mines and distributes various types of rocks. most of the companys rock is sold to contractors who use
sonimad sawmill manufactures two lumber products from a joint milling process. the two products developed are mine
Assume that revenue is to be recieved at each year end. and the machine has a useful life of three years with zero salvage value. Management requires a 12% return on its investments. what is the net present value of this machine?
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