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1. On January 30, 2003, a suit was filed against Pierogi Corporation under the Environmental Protection Act. On August 6, 2004, Pierogi Corporation agreed to settle the action and pay $920,000 in damages to certain current and former employees. How should this settlement be reported in the 2004 financial statements? Discuss.
use the following information to determine the ending cash balance to be reported on the month ended june 30 cash
Demand for the product that the company should emphasize in part (a) above, up to how much should the company be willing to pay for an additional hour of tapping machine time?
you have the following information for mchugh inc. for the month ended october 31 2010. mchugh uses a periodic method
By 2012, General Motors (GM) had established 12 joint ventures and employed more than 55,000 workers in China. In 2013, GM announced that it would invest an additional $11 billion to increase production of its vehicles in China. Why would GM choos..
Kyle Benson is the CEO of Macarty's Electronics. Benson is an expert engineer but a novice in accounting. Write a letter to Kyle Benson that explains the bases for comparison and factors affecting quality of earnings.
during the current year tachnic inc. made cash sales of 289000 and credit sales of 472000. during the year accounts
several months ago northwest cover paint company experienced ahazardous materials spill at one of its plants. as a
Compute the amount of depreciation expense that is deductible under MACRS for 2013 and 2014, assuming that the equipment is classified as five year property.
Senior sold all of these goods in 2011. How should Perez report the effect of the intra-entity sale on its 2011 income statement?
Compute an estimated fair value for any goodwill associated with Kivi purchasing Gas N' Go. Base your computation upon an assumption that Kivi's management expects excess earnings to continue for four years.
the nichols clinic purchased a new surgical laser for 96000. the estimated salvage value is 6000. the laser has a
bloom orchards produced a good crop of peaches this year. after preparing the following income statement the company
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