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Problem - Revenue variances - Rosenberry Company computed the following revenue variances for January:
Revenue price variance $(350,000) Favorable
Revenue volume variance 50,000 Unfavorable
Assuming that the planned selling price per unit was $10 and that actual sales were 175,000 units, determine the following:
a. Actual selling price of January.
b. Planned number of units that were to be sold in January.
Both companies agreed that the exchange had commercial substance for both companies. Make the necessary journal entries to record the asset exchange
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Clyde agreed to surrender his Red stock in exchange for $600,000. clyde's basis in his shares was $143,000 and he held the shares for 17 years. the agreement made no explicit allocation of any of the $600,000 to clyde's agreement not to compete ag..
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Mussa Corporation reports the following data: Net sales - $270,000 and Gross profit - $100,000. In vertical analysis, the cost of goods sold percentage is
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If Markham uses the effective-interest method in amortizing the premium, will the annual interest expense increase or decrease over the life of the bonds? Explain.
At the end of the accounting period, a physical count of supplies revealed $1,800 still on hand. The appropriate adjusting journal entry to be made
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