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1. Simms Corp. controlled four domestic subsidiaries and one foreign subsidiary. Prior to the current year, Simms Corp. had excluded the foreign subsidiary from consolidation. During the current year, the foreign subsidiary was included in the financial statements. How should this change in accounting entity be reflected in the financial statements?
in a sample of 200 republicans160 indicated they opposed the new tax law changes. while in a sample of 120 democrats 84
Flex the budget to take into account the actual level of output and provide an explanation of the difference between the original budget and the flexed budget.
simms manufacturing is considering two alternative investment proposals with the following dataproposal x proposal
Is the amount of cash received upon making these two loans the same?
1. What steps will you take to review the company's business transactions? 2. What would your plan be to utilize these procedures?
Managerial accounting applies to each of the following types of businesses except
kimm company has gathered the following information about its product. direct materials each unit of product contains
a company currently pays a dividend of 3.25 per share d0 3.25. it is estimated that the companys dividend will grow at
Joe owns 100% of Green Corporation (E & P) of $500,000 and 100% of Navy Corporation (E & P of $400,000). Joe sells 100 shares in Green (basis of $40,000) to Navy for $70,000, its fair market value. Joe purchased the stock in Green six years ago.
a current hot topic in accounting is the potential change from u.s. gaap to ifrs. there is much discussion on the
Sonya Fuentez, an IRS-enrolled agent, is preparing an annual income tax return for Carlito Alverez. Sonya is a little apprehensive about the engagement because she's heard rumor that Alverez is a major drug trafficker with roots in Colombia.
Discuss how, in choosing the accounting methods below, the following ratios can be affected - (i) rate of return on assets, (ii) quick ratio, (iii) profit margin, (iv) asset turnover: a change in accounting method for depreciation from straight line..
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