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Edgar Co. acquired 60% of Stendall Co. on January 1, 2011. During 2011, Edgar made several sales of inventory to Stendall. The cost and selling price of the goods were $140,000 and $200,000, respectively. Stendall still owned one-fourth of the goods at the end of 2011. Consolidated cost of goods sold for 2011 was $2,140,000 because of a consolidating adjustment for intra-entity sales less the entire profit remaining in Stendall's ending inventory.how would the noncontrolling interest in net income have differed if the transfers had been for the same amount and cost, but from stendall to edgar?
Based on its aging analysis, the business estimates that sooner or later about $95,000 of the ending balance of its accounts receivable will not be paid by customers. What year-end adjusting entry is made?
What factors can cause costs to change? Which of these factors are subject to cost containment and which are not? What creates the difference in controllability?
The partnership made an ordinary cash distribution of $10,000 to Marcie, and paid guaranteed payments to partners Marcie, Alice, and Pat of $20,000 each ($60,000 total). How much will Marcie's adjusted gross income increase as a result of the abov..
smile alot dental sad provides three basic service appointments cleaning check-up and full service.total annual costs
What are some common implementation issues with activity-based costing systems? How can they be avoided? Provide at least three examples and explain.
Find the appropriate SEC filing to identify the document where the IC report was filed with the SEC. A 10K-A is an an amended 10-k filing and a 20-F is a filing for foreign companies that contains the financial statement information.
for eckstein company the predetermined overhead rate is 140 of direct labor cost. during the month eckstein incurred
which of the following statements is not considered a disadvantage of the corporate form of organization?a.
For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
A magazine discovers 40% of the families, which subscribe, are ones where there are two wage earners. In the remaining 60% of the families there is only one wage earner. What is the expected number of wage earners pre subscribing family?
denny manufacturing had a bad year in 2012. for the first time in its history it operated at a loss. the companys
There were no other transactions which affected the companies' land accounts during 2006. What is the consolidated balance for land on the 2006 balance sheet?
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