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Question - Razor Technologies reported $127,000 of income for the year by using variable costing. The company had no beginning inventory, planned and actual production of 50,000 units, and sales of 47,000 units. Standard variable manufacturing costs were $16 per unit, and total budgeted fixed manufacturing overhead was $65,000. If there were no variances, determine the income under absorption costing?
Why is revenue recognition considered a high fraud risk area? Why might management overstate revenue
In the 2020 annual report, Orbon reported restated earnings per share for 2018 of $1.00. Calculate the originally reported earnings per share
Suppose at the beginning of 2023, LCI decided it is not probable that the performance objectives will be met. Prepare the appropriate entries on December
martin and beasley an accounting firm provides consulting and tax planning services. a recent analysis found that 55 of
Phil Goode will receive $175,000 in 50 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the present value of his future "pot of gold"?
In accordance with the PFRSs, which of the following methods of amortization is normally not recommended for intangible assets?
What was the amount of net cash provided by operating activities for 2007? For 2006? What were some causes of any significant changes in cash from operations between 2006 and 2007?
What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year?
Joint costs up to the splitoff,If joint costs are allocated based upon the sales value at splitoff, what amount of joint costs will be allocated to the widgets?
On June 30, 20x9, Machine A and Machine B have fair values of P163,000 and P136,500, How much is the revaluation surplus on December 31, 20x8
On January 1, Nickel Corporation purchased a 30% equity, What is the balance of the Poole Company Investment on Nickel's Balance Sheet
at january 1 2010 the credit balance in the allowance for doubtful accounts of the master company was 40000. for 2010
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