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Consolidated Financial Statements/Intercompany Asset transactions Hardwood, Inc., holds a 90 percent interest in Pittstoni Company. During 2009, Pittstoni sold inventory costing $77,000 to Hardwood for $110,000. Of this inventory, $40,000 worth was not sold to outsiders until 2010. During 2010, Pittstoni sold inventory costing $72,000 to Hardwood for $120,000. A total of $50,000 of this inventory was not sold to outsiders until 2011. In 2010, Hardwood reported net income of $150,000 while Pittstoni reported $90,000. What is the noncontrolling interest in the 2010 income of the subsidiary?
Prepare a memo to your roommate stating the relevant formulas and answering each question.
what was the net cash flow from investing activities for Yeager Inc in 20X4 and what would be the effect on the following items after the stock split? Assume the old shares were exchanged for 750,000 new shares.
Prepare an analysis showing what the impact will be on company profits if this tour is discontinued and the company's tour director has been criticized because only about 50% of the seats on the company's tours are being filled as compared to an aver..
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Traditional project evaluation/capital budgeting analysis consider a firm's only choice is accept or reject a program.
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Evaluate the degree of operating leverage for CellU. and evaluate the degree of financial leverage for CellU and determine the degree of total leverage for CellU.
There was no amortization of bond premium or discount during the year. Illustrate what amlount should Kim report in its 2011 statement of cash flows for redemption of bonds payable?
Explain the Financial statements vs. the financial reporting framework
Analytical procedures for the cash cycle
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