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On February 15, Seacroft buys 8,000 shares of Kebo common at $28.63 per share plus a brokerage fee of $445. The stock is classified as available-for-sale securities. On March 15, Kebo declares a dividend of $1.15 per share payable to stockholders of record on April 15. Seacroft received the dividend on April 25 and ultimately sells half of the Kebo stock on November 17 of the current year for $29.40 per share less a brokerage fee of $300 . The fair value of the remaining shares is $29.60 per share. The amount that Seacroft should report in the equity section of its year-end December 31 balance sheet for its investment in Kebo is (Round your intermediate and final dollar values to the nearest dollar amount.
The Mendez Company expects sales in 2010 of 200,000 units of serving trays. Mendez's beginning inventory for 2010 is 15,000 trays; target ending inventory, 25,000 trays. Compute the number of trays budgeted for production in 2010.
one of the key generally accepted accounting principles gaap is the cost principle. the cost principle is the general
Aceton Corporation owns 80 percent of the outstanding stock of Voctax, Inc. During the current year, Voctax made $140,000 in sales to Aceton. How does this transfer affect the consolidated statement of cash flows?
identify the concepts of costs variable step-variable fixed step-fixed semivariable or mixed and curvilinear in your
During 2010 Murray, who is 60 years old and unmarried, provided all of the support of his aged mother. His mother was a resident of a home for the aged for the entire year and had no income. What is Murray's filing status for 2010, and how many ex..
Prepare the journal entries to record the depot and theasset retirement obligation for the depot on January 1, 2007. Basedon an effective interest rate of 6%, the present value of the asset retirement obligation on January 1, 2007, is $41,879.
Determine the value-added, nonvalue-added, total lead times and the value added ratio under the present and proposed production approaches. Round whole percentages to two decimal places.
Investments in Short-Term Government Securities
Consulting Decision: In no more than one typed page, provide a statement as if you were a hired consultant presenting to the CEO for both firms, what would be your future strategies, goals and objectives for this company?
what is the difference between operations costing and a process costing system? how does a company decide whether to
lund products inc. uses a predetermined overhead rate in its production assembly and testing departments. one rate is
on january 1 2011 a company issued 1000000 of 5 year 12 bonds at an effective interest rate of 13 receiving cash of
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