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Find the present value of rs.2000 due in 6 yrs if money is worth compounded semi-annually ascertain the present value of an amount of rs.8000deposited now in a commercial bank for a period of 6 yrs at 12 % rate of interest.
Earnings announcements by companies are closely followed by, and frequently result in, share price revisions. Two issues should come to mind. First, earnings announcements concern past periods, If the market values stocks based on expectations of ..
Discuss the importance of understanding the GAAP behind business combinations before performing the accounting. Additionally, why is it important that accountants report the numbers as dictated by GAAP regardless of what they may be?
Blue Fin Co. produces a product requiring 10 pounds of material at $1.50 per pound. Blue Fin produced 10,000 units of this product during 2009 resulting in a $30,000 unfavorable materials quantity variance. How many pounds of direct material did B..
Net Income for Levin-Tom partnership for 2012 was 125000. Levin and Tom have agreed to distribute partership net income according to the following plan.
Are capital assets taxed the same as other items of income? Be certain to identify items that affect valuation of the asset for accurate calculation of a gain or loss to the asset owner upon disposal, and explain how these items influence, or dete..
Determine the total compensation cost pertaining to the restricted share.
Under the completed contract method, how much should the company recognize as gross profit for 1993?
In determining the adequacy of the allowance for uncollectible accounts, the least reliance should be placed upon which of the following.
Prepare the journal entry to record pension expense and the employers' contribution to the pension plan in 2011.
Shue, a partner in the Financial Broker Partnership, has a 30% share in partnership profits and losses. Shue's capital account had a net decrease of $100,000 during 2003. During 2003, Shue withdrew $240,000 as withdrawals and contributed equipment..
Sarah transfers property with an $80,000 adjusted basis and a $100,000 FMV to Super Corporation in a Sec. 351 transaction. Sarah receives stock with an $85,000 FMV and a short-term note with a $15,000 FMV. Sarah's basis in the stock is:
How will the development above affect the accounting for Commonwealth Edison's bond issue?
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