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Question - Petronet owns 60% of Sahara, acquired on January 1, 2012. On June 30, 2012, Sahara sold land to Peronet for $2,000,000. Sahara had carried the land on its books at $800,000. This is the only intercompany transaction. Petronet sold the land to an outside party on January 1, 2014 for $3,000,000. Make the consolidated eliminating entries for the intercompany land sales for each year, 2012, 2013, 2014.
Perkins Company owns 85% of Sheraton Company. Calculate the amount of unrealized inventory profit for 2011 and 2012
Determine the depletion cost per board foot for the timber harvested prior to the eruption of Mount Leno
Compute the amount of cash provided by or used for operating activities by the indirect method.
Analyze the balance sheet and income statement of the company that you have selected,- determine the sufficiency of the evidence.
Walnut Company is evaluating the purchase of rebuilt spot-welding machine to be used in the manufacture of a new product. What is its approximate internal ratE
construction forms corporation buys securities to be available for sale when circumstances warrantnot to profit from
Management's net income goal is $61,900. Compute the required sales needed to achieve management's target net income of $61,900
design a spreadsheet and prepare a set of financial statement forecasts for walmart for year ??1 to year ??5 using the
The company also has 350,000 shares of stock outstanding that sell at a price of $40 per share. The corporate tax rate is 35 percent.
gulf coast resins company processes a base chemical into plastic. standard costs and actual cost for direct materials
Deer Valley Lodge, a ski area near Salt Lake City, has plans to eventually add five new chairlifts. What subjective factors would affect the investment decision
Calculate Rogue Outdoor's break-even point in units and dollars for selling hiking shoes if: Total fixed costs assigned to hiking shoes: $36,000
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