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A software vendor sold $300,000 software to a customer. The price includes the software (no addition development or modification needed), the installation of the software and a one-year technique support. If the software can be purchased at a standalone price of $250,000 with the fair values of installation and one-year technique support of $5,000 and $57,500, respectively, how should the company recognize the sales price of $300,000 upon the delivery and the completion of the installation?
Mr. Dimitry owns 1000 shares of equity. What is his cash flow in its current capital structure (leveraged D/E = 2.3) What will be his cash flow in the proposed capital structure (levered) if he keeps all his 1,000 shares
Prepare an income statement for the year ended 31 st December, 20X8, by using direct costing. Prepare an income statement for the year ended 31 st December, 20X8, by using absorption costing.
What is the increase or decrease in liabilities of Hodges as of October 31, 2013?
If fixed costs are $561,000 and the unit contribution margin is $8.00, illustrate what is the break-even point in units if variable costs are decreased by $.50 a unit?
The value of the random variable for each of the experimental outcomes - Define a random variable that represents the number of offers made. Is the random variable continuous?
Determine the current requirement under GAAP and IFRS,
What could be your response to the CEO
In its applicable financial statements, Orange reported $4,000 in 2009, $24,000 in 2010 and $20,000 in 2011 as gross revenues. Explain how much of the $48,000 must Orange recognize for federal tax purposes in 2009, 2010 and 2011
After the 2012 financial statements were issued, the case was settled with the IRS for $1,200,000. Illustrate what amount, if any, should be reported as a liability for this contingency as of December 31, 2012?
Evaluate the number of widgets which must be sold to break even. Evaluate the number of widgets which must be sold to break even. Evaluate the breakeven point in dollars
Another client gave her a check for $750 on December 31, 2011, but after the bank had closed. Both the $500 and $750 checks cleared the next year. Evaluate how much does Sarah have to include in her gross income for 2011?
Will corporations obtain a greater charitable contribution deduction for the current year by filing a consolidated tax return or separate tax returns?
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