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Discussion: You are the lead S-Corporations tax specialist in your area. You have been asked to give a talk to business owners interested in this form of organization. Explain the rules of forming an S-Corp, the basis rules, and how distributions work. Please be sure to cover operating issues, such as identification of the corporation's accounting period.
Calculate the flexible budget direct materials variance. Also calculate the direct materials price and efficiency variances
the following schedule summarizes the inventory purchases and sales of brooks street enterprises during january 2009
he first step is to go to the website of a publically-traded US company. Audit steps for tests of controls, balances, transactions, analytical procedures, etc
Charles owns an office building and land that are used in his trade or business. What is the recognized gain due to the sale of the building
Leppard Corporation sells DVD players. The corporation also offers its customers a 2-year warranty contract. During 2010, Leppard sold 20,000 warranty contracts at $99 each.
Compute (1) the contribution margin for the current and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.)
manter inc. needed som long-term financing so arranged for a 300000 20 year mortgage on december 31 2007. the interest
what information is shown in the annual report that would let you know if the company has adequate planned their
What are the advantages and disadvantages of the US GAAP bright line approach versus the IFRS conceptual approach in determining the classification of a lease?
Prepare journal entries under each of the following methods to record the purchase and all investment-related subsequent events on the books
A bid is received from an overseas customer for 1,000 phones at a price of $60 per phone. An additional 10% export fee on price would be assessed to the mobile phone company for overseas sales. What would be the differintial income or loss from ac..
Gotham Company reported a December 31 ending inventory balance of $412,000. Based on this information the correct balance for ending inventory on December 31 is
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