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Question 1: Pro forma amounts for changes in accounting principle should be shown in?
a. change in the estimated useful life of plant assets.
b. change from the cash basis of accounting
c. change in revenue recognition from completed-contract to percentage-of-completion method.
d. change in inventory valuation from average cost to FIFO
Rick White has recently discussed the intent to diversify Swiss Chocolate's product line with Steve Smith. Smith notes that the new product will be a dark chocolate candy bar featuring various types of dried fruit and a higher percentage of cacao,..
Calculate the cost of an interior door and an exterior door under the existing simple costing system
kyle worked as a free-lance software engineer for the first three months of 2013. during that time he earned 44000 of
Compute for the inventory turnover ratio and days in inventory- hat conclusions concerning the management of the inventory can be drawn from these data?
Assuming that Borner Communications retires shares it reacquires (restores their status to that of authorized but unissued shares), record the appropriate journal entry for each of the following transactions:
Assume the use of periodic inventory procedure. Compute the cost of ending inventory using weighted-average
Garvin Corp recently purchased 400 lots bf land in a lump-sum purchase, paying a total of $749625. What is the total cost allocated to Lot A
jose paid the following amounts for his son to attend big stateuniversity in
Calculate the cost per equivalent unit for direct materials, Calculate the equivalent units for direct materials
A piece of equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end of the recovery period.
In 1990 David purchased land for $100,000. In 1996 he takes out a nonrecourse mortgage on the land for $30,000. In 2012 he sells the land for $50,000 and the buyer takes over the mortgage
Nu Company reported the following pretax data for its first year of operations. What is Nus net income if it elects FIFO
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