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Problem 1: Review the notes to the financial statements of the current fiscal year and determine whether the company reported any proforma financial results for any of the years reported. (Note: This includes proforma results related to business acquisitions).
Problem 2: Briefly describe the purpose of the proforma disclosures identified in #1.
When using the variable cost concept of applying the cost-plus approach to product pricing, what is included in the markup?
$250,000 was issued today and it matures in 40 days' time. If interest rates are 6% p.a. what amount of interest is earned if the bill is held until maturity?
Prepare the journal entry to record Lincoln's bad debt expense. Calculate the net realizable value of the receivables on Lincoln's balance sheet at December
Gypsy Joe's operates a chain of coffee shops. The company pays rent of $10,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed.
Instead, she is to make a single payment today. If money is worth 6.2% and the agreed focal date is?today, what is the size of the replacement? payment?
Amira classifies the bonds at amortized cost. What amount will Amira initially measure the bond liability at on recognition date?
Which investment has the least amount of risk? Standard deviation = $450, expected return = $4,500. Standard deviation = $400, expected return = $5,000
For repurchase of common stock, how would the entry be recorded in double-entry accounted? Which accounts would be debited and which would be credited?
If the interest rate is 10% what is the value of the endowment? A wealthy investor endows a scholarship fund at the local university that would pay $15,000.
Materials used by the Instrument Division of Dart Industries are currently purchased from outside suppliers at a cost of $180 per unit. However, the same materials are available from the Components Division. How much would the Instrument Division's i..
What types of IRA's are there and which type is most appropriate for you? What are the advantages of a ROTH IRA? What are the limits annually
.Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrat..
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