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Question 1: Martin Corp. permits any of its employees to buy shares directly from the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 10% discount. During 2011, employees purchased 8 million shares; during this same period, the shares had a market price of $25 per share at the end of the year. Martin's 2011 pretax earnings will be reduced by
Tom purchased and placed in service used office furniture on January 3, 2014, for $40,000. Tom's accountant depreciated the furniture using straight-line depreciation over 10 years for financial reporting purposes. The accountant also used the same d..
Explain why a $50,000 increase in inventory during the year must be included in developing cash flows from operating activities under both the direct and indirect methods.
Evaluate Alumbat's current TIE ratio and Calculation of times-interest-earned ratio
Briefly discuss accounting and securities market differences between these two methods of increasing the number of shares outstanding.
What The company net income is? The times interest earned ratio of Cree Company is 4.5 times. The interest expense for the year.
Does the CAFR include the financial statements of the pension plans? Does it indicate that the pension plans issue their own reports
Is there a conscious (or subconscious) process you explore when evaluating your options and how they may impact your desired outcome?
You are to enter up the sales, purchases, returns inwards and returns outwards day books from the following details, then to post the items to the relevant accounts in the sales and purchases ledgers.
Nolan Mills uses a standard cost system. During May, Nolan manufactured 15,000 pillowcases, using 27,900 yards of fabric costing $3.05 per yard and incurring direct labor costs of $23,030 for 3,290 hours of direct labor. Compute both the price varian..
Prepare the journal entries to record (a) interest for each of the three years and (b) payment of the note at maturity. Prepare an amortization schedule
A total of 1,500 units were completed and transferred to the next processing department during the period
Prepare the journal entries at the following dates: June 30, 2017; December 31, 2017; and June 30, 2018. Use the effective-interest method.
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