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Question - Restructuring Provision On December 1, 2017 the management of SaulGroup, Inc. announced its plan to close a technical support division in California and move it to Vietnam. All the jobs in this division will be eliminated by the end of 2018. To compensate the employees who would stay with the company until the last day of their position, the company offered a termination bonus of $15,000 to each employee. SaulGroup estimates it will pay the termination bonuses at the end of 2018 for a total of $450,000. The present value of the estimated termination bonus is $400,000. How is the restructuring treated under (1) U.S. GAAP and (2) IFRS in 2017? b. Prepare the necessary journal entries.
1. panther co. had a warranty liability of 345000 at the beginning of 2013 and 309000 at the end of 2013. warranty
Cheney Company sold a 20-ton mechanical draw press for $60,000. Prepare the journal entry to record the disposition
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The 10 payments are made annually starting with the inception of the lease. What would be the outstanding balance after payment #10?
What is the unpaid balance of the loan at the end of the 1st year? What is the monthly payment for this loan?
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Gil makes out a $900 negotiable promissory note payable to Ben. By special indorsement, Ben transfers the note for value to Jess. By blank indorsement, Jess transfers the note for value to Pam.
1. briefly describe jit inventory management.2. describe one 1 type of cost that is minimized with jit control.3. in
question corporation has provided the following production and average cost data for two levels of production volume.
Why is depreciation added to net income in the Operating Activities category of the statement of cash flows when the indirect method is used?
On October 25, 2017 Quick Corp. prints a cheque for November's rent payment. When should Quick Corp. record the rent expense associated with this transaction
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