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Question - Ocean Pines Company had net income $450,000. They also had depreciation expense of $100,000, an increase or (decrease) in accounts receivable of $-10,000, and an increase or (decrease) in inventory of $25,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. A negative number for accounts receivable or inventory indicates that the balance decreased. Enter as a whole number (no cents).
Write all appropriate journal entries for Canadiens Corporation for the above dates. Canadiens Ltee. follows a policy of a 10% depreciation charge
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A Ltd, B Ltd and C Ltd owned 60%, 20% and 20%, respectively, of the voting shares of X Ltd. There were ten members on the board of directors of X Ltd. A shareholder with 10% shareholding is allowed to appoint one board director in X Ltd. Explain the ..
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Mr. Wilson own 100% of the common stock of ABC Corp. and 80% of the common stock of DEF Corp. ABC previously paid $6,000 for the remaining 20% interest in DEF. In a combined balance sheet of the two corporations at December 31, year 1, what amount sh..
Calculate the price-weighted index returns for the periods ending in 1 and 2. - Calculate the value-weighted index returns for the periods ending in 1 and 2.
Smith Manufacturing, Inc. has asked that you assist with some bookkeeping services. Prepare the entries buildings are depreciated on a straight-line basis over 20 years, no salvage value.
Over the period that you held the bond, you collected coupon interest. What was your total return (in percent form) on this investment measured in dollars?
What is the dividend amount payable to preferred shareholders in 2021 assuming no shares are converted? Peru Corporation has the following shareholders' equity
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