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For a financial statement of year 2006 Sale was 400000$ and a identified loss of 40000$. Again for year 2007, sale was 1600000$ and profit of 200000$ what was its P/V Ratio.
Which of the following is the best audit procedure for determining the existence of unrecorded liabilities?
explain some of the various lease options? when would you use one option over the others? what could be the financial
During the third year, Walland Corporation paid total cash dividends of $736,000. A. b. c. Compute the amount of cash dividends paid during the third year to each of the three classes of stock. Compute the dividends paid per share during the third..
the assembly department uses a process cost accounting system and a weighted-average cost flow assumption. the
is rental real estate subject to the passive loss limitations? are there any important exceptions? please explain the
Anne sold her home for 290,000 in 2010. Selling expenses were $17,400. She had purchased it in 2003 for $290,000. During the period of ownership. Anne had done the following:
The accountants feedback is very important especially when it comes to maintaining adequate internal controls. What type of backend controls are required in an AIS to ensure reliable financial statements? Please provide concrete examples.
White Corporation, a closely held personal service corporation, has $150,000 of passive losses, $120,000 of active business income, and $30,000 of portfolio income. How much of the passive loss may White Corporation deduct?
what is vertical analysis? what is the value in using vertical analysis? why would a company use this analysis? what
Garcia's incremental borrowing rate is 12% and the interest rate implicit in the lease agreement is 10% (this is known to Garcia). Both Graves and Garcia use straight-line depreciation and have December 31 fiscal year-ends. Describe how Graves cal..
sindler corporation sold 3000 units of its product at a price of 13 per unit. total variable cost per unit is 7.50
A Corporation uses a predetermined overhead rate of $23.90 per direct labor hour. This predetermined rate was based on a cost formula that estmated $286,8000 of total manufacturing overhead for an estimated activity level of 12,000 direct labo..
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