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Cost FairValue12/31/09 2010Purchases 2010Sales FairValue12/31/10 Available-for-sale equity securities Security Stan 400,000 380,000 500,000 Security Lloyd 100,000 95,000 102,000 How much unrealized gain or loss should be reported on the balance sheet as of December 31, 2010?
The following transactions occurred during March, the first month of operations for Quality Galleries, Inc.
Brown Company has $30,000 of ending finished goods inventory as of December 31, 2008. If beginning finished goods inventory was $25,000 and cost of goods sold was $40,000, how much would Brown report for cost of goods manufactured?
On August 31, 2008, Devs Autoparts Company sold $8,000 worth of parts to Metro Repair Company. The terms of the sale were n/90. Devs receivable policy is to start charging interest of 9% (annually) on all balances over 90 days. Interest is accrued..
organic produce corporation has 7.5 million hsares of common stock outstanding 500000 shares of 7 percent preferred
On March 17, Grady Company agrees to accept a 60-day, 9%, $7,200 note from Alert Company to extend the due date on an overdue account. What is the journal entry needed to record the payment of the note by Alert Company on the maturity date?
three rivers dental associates trda is a large dental practice in pittsburgh. the firms controller is preparing the
henry emmy and frannie unrelated individuals own all of the stock in new corporation with earnings and profits of
In its year 2 financial statements, Gregory's on Ormond would recognize compensation expense relative to the options of how much?
Management is having difficulty estimating the salvage value of the aircraft. To the nearest whole dollar how large would the salvage value of the aircraft have to be to make the investment in the aircraft financially attractive?
prepare general journal entries for the following transactions on december 17 on your market paid 1500 to keystone
engineers at abc company developed the following standard costs for direct material and direct labour for one of their
A CPA is interested in testing the fairness of the ending inventory balance at an audit client. He has relatively little experience using statistical sampling methods and, does not like to turn anything over to random chance.
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