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Cole Inc. owns shares of Marlin Corporation stock classified as available-for-sale securities. At December 31, 2012, the available-for-sale securities were carried in Cole's accounting records at their cost of $875,000, which equals their fair value. On September 21, 2013, when the fair value of the securities was $1,200,000, Cole declared a property dividend whereby the Marlin securities are to be distributed on October 23, 2013, to stockholders of record on October 8, 2013. Prepare all journal entries necessary on those three dates.
As a startup entrepreneur, examine how CVP analysis can be used to create a profitable business and assist in determining sales price. Create a brief scenario for the use of CVP analysis in establishing the price of a product.
The bonds are issued at a price of $2,160,279. Prepare the January 1, 2011, journal entry to record the bonds issuance
during the past several years the annual net income of avery company has averaged 540000. at the present time the
The accountant preparing the income statement for Bakersfield, Inc. had some doubts about the appropriate accounting treatment of the seven items listed below during the fiscal year ending December 31, 2010. Assume a tax rate of 40 percent.
red river farm machine makes a wide variety of products all of which must be processed in the cutting and assembly
Supply missing balance sheet numbers
A manufacturing company has a small production line dedicated to the production of aparticular product. The line has four stations in serial. Inputs arrive at station 1 and theoutput from station 1 becomes the input to station
Ramsey Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subscriptions in January at $10 each. What entry is made in January to record the sale of the subscriptions?
x company has the following estimated costs for the year direct materials64700direct labor25200factory
the cost to winsor company of manufacturing 20000 units of a particular part is 255000 of which 100000 is fixed and
developing raw material cost standards ozark manufacturing co. manufactures and sells household cleaning products. the
Texas has just passed a law making it mandatory to have every head of cattle inspected at least once a year for a variety of communicable diseases.
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