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Question - JHS Inc. has reported the following data:
Purchases of Raw Material $5,400
Freight In 150
Property Tax 950
Ending Inventory of Raw Materials 1,700
Beginning Inventory of Raw Materials 3,500
Required - Assuming that all materials used are direct materials, compute the amount of direct materials used.
a. $8,300
b. $7,500
c. $7,200
d. $7,350
determine the stockholders equity for the given info.a the stockholders equity of a corporation has assets of 445000
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Discuss how will the items of value that Continental brought to the merger in #3 affect future reported income for the combined firm?
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