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Pepe, Incorporated acquired 60% of Devin Company on January 1, 2010. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciationof $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2010 and 2011, respectively. Pepe uses the equity method to account for its investment in Devin.
Compute the non-controlling interest in the net income of Devin for 2011.
Prepare anamortization table of the loan. What will bethe amount of interest expense reported by Brookstone Farm for theloan in 2007 and in 2008?
An adjustment to retained earnings as a result of a conversion of preferred stock to common stock most likely would occur when:
X transferred property to an LLC and received a 25% interest in the partnership profits, losses, and capital. X's basis in the property was $200 and it was subject to a nonrecourse mortgage for $500.
haywood company sells a single product with a contribution margin of 5 per unit fixed costs of 74400 and sales for the
The machine would have no salvage value. The machine would reduce labor and other operating costs by $76,000 per year. The internal rate of return on the investment in the new machine is closest to:
Prepare an overview of government accounting for a business person, using the State of Georgia as an example. Describe the entity and evaluate the Management Discussion & Analysis (MD&A) section.
last year attic charged 3496000 depreciation on the income statement . if early this year attic sold all its
dougco a domestic corporation owns 100 of thaico a thailand corporation. dougco manufactures top-of-the-line offi ce
Yates Corporation began operations on January 2, 2010. It employs 15 people who work 8-hour days. Each employee earns 10 paid vacation days annually. Please prepare journal entries to record the transactions related to paid vacation days during 201..
ynga is a software developer and is considering a project that requires an initial investment of $200,000-The Net Present Value of the project is approximately
Which statement is FALSE concerning "management by the numbers" for control of the organization?
Employee Business Expenses: Planning.J is employed as a salesman by Bigtime Business Forms Inc. He is considering the purchase of a new automobile that he would use primarily for business. Are there any tax factors that J might consider before pur..
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