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Heath Cosmetics acquired 15% of the 200,000 shares of common stock of Van Fashion at a total cost of $13 per share on March 18, 2008. On June 30, Van declared and paid a $60,000 dividend. On December 31, Van reported net income of $122,000 for the year. At December 31, the market price of Van Fashion was $15 per share. The stock is classified as available-for-sale. Yoder, Inc., obtained significant influence over Parks Corporation by buying 30% of Parks 30,000 outstanding shares of common stock at a total cost of $9 per share on January 1, 2008. On June 15, Parks declared and paid a cash dividend of $30,000. On December 31, Parks reported a net income of $80,000 for the year. Instructions Prepare all the necessary journal entries for 2008 for (a) Heath Cosmetics and (b) Yoder, Inc.
a technician monitors a group of five computers that run an automated manufactoring facility. it takes an average of 15
assuming that all direct materials are placed in process at the beginning of production and that the first-in first-out
In 2013 Conlin suffered a net operating loss of $491,700, which it elected to carry back. The 2013 enacted tax rate is 29%. Prepare Conlin's entry to record the effect of the loss carryback.
in lowes companies inc. 2012 annual report form 10-k1. evaluate lowes investment in property plant and equipment.
review the text and visit the institute of management accountants ima web site to learn about the cma certification.
dawson toys ltd. produces a toy called the maze. the company has recently established a standard cost system to help
Find an article on the use of spreadsheets in Accounting Information Systems.
During 2004, XYZ Company recorded salaries expense of $85,000. The salaries payable account at January 1st had a balance of $11,000 while the salaries payable account at December 31st had a balance of $8,000. The amount of cash paid to employees f..
To what extent might companies use of these different treatments reduce the comparability of the resulting financial statements?
godert pharmaceutical company has several scientists working in the labs trying to prepare an anti-aging drug. the cost
1 in 2013 company a sold inventory costing 100 to its fully-owned subsidiary company b for 150. the entire inventory
pietros pizza has established the following standards for making one pizza dough nbspnbsp 0.65 pounds at 1 per pound
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