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Company S shipped goods costing $12000 to Company T on consignment. The sales agreement states that Company T has 90 days to either sell the goods and pay Company S $18000 for them or to return the goods to Company S. Make a journal entries necessary on the books of Company S to record (1) the original shipment of the goods to Company T and (2) the expiration of the 90-day period without the goods being returned by Company T. Company S uses a perpetual inventory system.
Assume this company uses the FIFO method of process costing and direct material is added uniformly throughout the process. What are the equivalent units produced of direct material?
a stock had returns of 11 percent -18 percent -21 percent 20 percent and 34 percent over the past five years. what is
luke who retired this year lives in a four-plex owned by julie. lukes income decreased when he retired and he now has
during 2009 the ellis corporation had 370000 shares of 20 par common stock outstanding. on january 1 2009 2000 8
Julia currently is considering the purchase of some land to be held as an investment.
data from the income statement of dray company for the current fiscal year ended on december 31st and are presented
Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year
In 2010, Richard, a single taxpayer, has adjusted gross income of 40,450. His AGI includes $4000 of qualified dividends. Richard has no dependents and does not itemize deductions. What is his 2010 federal income tax?
tranter inc. is considering a project that would have a nine-year life and would require a 3132000 investment in
The rental fee for the manufacturing facility is $7,000 per month. How much of the rental cost should be allocated to the products made in January and to those made in February?
What are your thoughts on the three proposals outlined above, and please feel free to suggest anything that you feel should also be considered in reducing the deficit.
adelman company owns 45 of the outstanding voting common stock of craig corp. and has the ability to significantly
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