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Alex was looking over a set of financial statements that had been torn when he put them in the overhead bin on a flight. He had most of the cash flow statement, but was missing the other statements. Even the cash flow statement was torn at the top, so he did not have net income. Cash from operations was $250,000. Reconciling items included credit sales of $200,000, depreciation of $70,000 and an unpaid wage expense of $5,000. How much was net income?
What is the before-tax cost of capital for this debt financing, Black Hill Inc. sells $100 million worth of 21-year to maturity 8.91% annual coupon bonds
Advance Medical Imaging, Inc. reacquired 2,000 shares of its $5 par common stock at $12 a share. Prepare the journal entry to record the reacquisition
What are the most important reasons for STARBUCKS' ROA fluctuation during the year 2010, 2011, and 2012?
1. Identify and briefly describe the three broad categories of service activities that most general purpose governments perform. 2. Describe how the reporting objectives for governmentwide and governmental fund financial statements are different.
What are some of the different types of budgets? Describe in detail one type of budget covered in the text. Describe what the budget is used for and what information it provides a business. As you respond to your classmates, discuss how the budget..
What is the maximum initial cost the company would be willing to pay for the project? Och, Inc., is considering a project that will result in initial aftertax
Kruger Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% ownership) held as available-for-sale securities cost $108,000, fair value $115,000. (2) Common stock of Pickerill Inc. (30% ownership), cost $210,000,..
Jason Jeffries earned $10,200 while working for Brown Company. The company's SUTA tax rate is 2.9% of the first $7,000 of each employee's earnings. Compute the total unemployment taxes (SUTA and FUTA) that Brown Company should pay on Jeffries' ear..
What is the amount of the overall net gain or loss that Queen should recognize on the transfer of the equipment and settlement of debt/forgiveness of interest
What do you think about these mentions? Do you find them enough or lacking? Pepsi or measures to address can negatively affect our business or damage.
The balance of Advertising Expense is $600, but it was listed as $400 on the trial balance. Prepare the corrected unadjusted trial balance at June
What amounts of cash dividends per share were declared by Coca-Cola and PepsiCo in 2014? What were the dollar amount effects of the cash dividends.
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