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Simmons Corporation owns stock of Armstrong, Inc. Prior to 2014, the investment was accounted for using the equity method. In early 2014, Simmons sold part of its investment in Armstrong, and began using the fair value method. In 2014, Armstrong earned net income of $80,000 and paid dividends of $95,000. Prepare Simmons's entries related to Armstrong's net income and dividends, assuming Simmons now owns 10% of Armstrong's stock.
(a) Determine Deer Park's net income for 2008. (b) Prepare a balance sheet for Deer Park as of December 31, 2008.
the standard factory overhead rate is 7.50 per machine hour 6.20 for variable factory overhad and 1.30 for fixed
macgiver brass is a brass plating firm with sales of 8 million and profits before taxes of 625000. macgiver has a loan
A company reports sales revenue of $200 million the current year and $180 million last year. Their total assets in the current year are $150 million and last year's total assets were $130 million. What is the current year's asset turnover ratio?
chris like to save 30000 to send his son to college in 18 years. if he uses an account that averages a 9 r about how
kitchen companys revenues are 300 on invested capital of 240. expenses are currently 70 of sales. if kitchen company
cool sips inc. manufactures and sells a nutrition drink for children. the company wants to develop a standard cost per
what is the difference between financial statements prepared from the expanded accounting equation and those prepared
terry marks is a well-known architect.nbspnbsphe wants to start his own business and convinces rob norris his cousin
Prepare a performance report for Ranger Company for the year.
Emmett Tomas, a bachelor, makes the following testamentary gifts
Jolly Blue Giant Health Insurance (JBGHI) is concerned about rising lab test costs and would like to know what proportion of the positive lab tests for prostate cancer are actually proven correct through subsequent biopsy. JBGHI demands a sample l..
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