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Crane Company Division B recorded sales of $360,000, variable cost of goods sold of $315,000, variable selling expenses of $13,000, and fixed costs of $61,000, creating a loss from operations of $38,000. Determine the differential income or loss from the sales of Division B and (b) should this division be discontinued?
Company A, a calender year corporation, has a deficit in current E & P of $100,000 and a $290,000 positive balance in accumulated E & P.
payne co. sells shoes which are made in the usa. current data for the last month was as followsaverage selling price
swanton company currently sells 3 products and details of revenues and costs are given below. the company is thinking
At what point should the revenue from the gift cards be recognized and should the revenue be recognized at the time the card is sold, or should it be recorded when the card is redeemed?
assume that the required reserve ratio is 15. if the federal reserve buys a 10000 government bond from an individual in
On October 1, Kingbird Corporation made a contribution to a qualified charitable organization of $6,300 in cash (not included in any of the above items). Determine Kingbird's charitable contribution deduction for the current year.
judys mother sarah died on july 2 2006 leaving judy her entire estate. included in the estate was sarahs residence 325
peter pang was employed by xyz company limited at a monthly salary of 20000 up to 30 june 2012. in addition to his
use the internet to research an annual report of a manufacturing company of your choicefrom the company chosen from the
How do rulings issed by the IRS benefit both the IRS and taxpayers?
smyth corporation had the following balances at 1231x1.cash2000000investements3750000accounts receivable
Compare the organization, operation, and taxation of "C" corporations and "S" corporations. Be sure to organize your answer so that you address each of the aspects of this question - organization, operation and taxation - completely for each type ..
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