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Herbert was employed for the first six months of 2011 and earned $90,000 in salary. During the next six months, he collected $8,800 of unemployment compensation, borrowed $12,000 (using his personal residence as collateral), and withdrew $2,000 from his savings account (including $60 interest). He received dividends of $550. His luck was not all bad, for in December he won $1,500 in the lottery on a $5 ticket. Calculate Herbert's gross income.
The Big Corporation expects next year's net income to be $20 million. The firm's debt ratio is currently 30%. Big has $18 million of profitable investment opportunities, and it wishes to maintain its existing debt ratio.
Prepare the report using highly technical and accounting specific language to show that you are qualified to give the presentation.
How much gross profit is recognized using percentage of completion method in 2012 and 2013
Goerge owns a sole proprietorship and Kevin is the sole shareholder of a C (regular) corporation. Each business sustained a $16,000 operating loss and a $2,500 capital loss for the year. Evaluate how these losses will affect the taxable income of ..
Using the book value method, record the conversion of $9 million of bonds into common stock with a $10 par value if the conversion occurred when the market price of the common was $24 per share, and total convertible debt outstanding amounted to $..
on june 30 2013 rosetta granite purchased a machine for 146000. the estimated useful life of the machine is eight years
Compute the present value for each of the following amounts: $90,000 received 10 years hence if the annual interest rate is 8% compounded annually OR 8% compounded semiannually
brimson has forecast production for the next three months as follows july 5500 units august 6900 units september 7900
post the net cash flows from each of the three activities operating investing and financing for the most recent three
charles royston was checking the year- end blances for his wood furniture manufacturing amp business amp was concerned
basden carpet cleaning recently purchased a small nissan truck to use in transporting their cleaning materials to and
a company has fixed costs of 75250. its contribution margin ratio is 35 and the product sells for 71 per unit. what is
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