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Question - An annual report for PepsiCo contained the following information (in millions of U.S. dollars):
Net earnings $5,282
Depreciation and amortization 1,683
Accounts and notes receivable (619)
Inventories (415)
Prepaid expenses and other current assets 103
Accounts payable and other current liabilities 788
Income taxes payable (173)
Cash dividends paid 2,548
Repurchase of shares 4,733
Required -
1. Compute the cash flows from operating activities for PepsiCo by using the indirect method.
2. Compute the quality of earnings ratio.
A Masters of Accountancy degree at Central University costs $12,000 for an additional fifth year of education beyond the bachelor's degree. Assume that all tuition is paid at the beginning of the year.
Spoilage and job costing. (L. Bamber) Barrett Kitchens produces a variety of items in accordance with special job orders from hospitals, plant cafeterias.
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The records of OceanView Company
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Prepare the appropriate journal entries in correct form for transactions. The following transactions are summarized for the city this year
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From the case study, determine how the standard cost system in Carton Medical Devices can be used for product costing and inventory valuation.
1.On February 19 of the current year, Quartzite Co. pays $5,400,000 for land estimated to contain 4 mil lion tons of recoverable ore.
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