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Kanza, Inc., obtained significant influence over Rogan Corporation by buying 30% of Rogans 26,300 outstanding shares of common stock at a total cost of $5 per share on January 1, 2014. On June 15, Rogan declared and paid a cash dividend of $34,700. On December 31, Rogan reported a net income of $85,200 for the year.Prepare all the necessary journal entries for 2014 for Kanza, Inc.
On January 1, 2011, Sledge had common stock of $120,000 and retained earnings of $260,000. During that year, Sledge reported sales of $130,000, cost of goods sold of $70,000, and operating expenses of $40,000.
radar inc. has developed a new and improved widget. the company plans to sell the product through an existing web site.
adirondack paper mills inc. has paper plants in augusta maine and tupper lake new york.nbsp warehouse facilities are
what is the nature of an opportunity cost?it is always variable.it is a potential benefit.it is included as part of
salerno company has two service departments maintenance and cafeteria as well as two production departments mixing and
How many additional shares of common stock could Carnival Corporation sell? How are the shares that have not yet been issued included in the company's balance sheet? Do they represent an asset of the company?
Explain why the quantity purchased is used in computing the direct materials price variance, but the actual quantity consumed is used in computing the direct materials quantity variance.
Journalize the 2014 transactions - estimate bad debt expense and anticipates 3% of net sales to be uncollectible, what is the adjusting entry at December 31, 2014
The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 22,000 machine-hours and incur $264,000 in manufacturing overhead cost. The follow..
the muskego national bank is considering either a bankwide overhead rate or department overhead rates to allocate
Saxe uses the straight-line method of amortization and intends to hold the notes to maturity. In its October 31, 2001 balance sheet, the carrying amount of this investment should be
Sam owes Bob $8,000. Bob cancels (forgives) the debt. The cancellation is not a gift, but Sam is insolvent. Which of the following statements is correct concerning the impact of this transaction?
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