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On January 1, 2011, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $638,000. The 2011 and 2012 ending inventory valued at year-end costs were $838,000 and $874,000, respectively. The appropriate cost indexes are 1.25 for 2011 and 0.93 for 2012. Calculate the inventory value at the end of 2011 and 2012 using the dollar-value LIFO method.
a variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited
ray seo has 5000 to invest in a small business venture. his partner has promised to pay him back 8200 in five years.
the payroll of grich company for september 2014 is as follows. total payroll was 960000 of which 220000 is exempt from
necklaces bracelets and earrings. although styles within each line vary the average unit selling price and unit cost is
A business pays weekly salaries of $10,000 on Friday for the five-day work week - Show the adjusting entry when the fiscal period ends on (a) Tuesday; (b) Thursday.
matteson corporation acquired 30 percent of the outstanding common stock of otoole company for 1267000. this
strong wood company is a distributor of patio furniture. data concerning the next months budget appear below.selling
Discuss the efforts made toward convergence of International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) on the financial performance reporting by business enterprises.
custom truck builders frequently uses long-term lease contracts to finance the sale of its trucks. on november 1 2011
What was the amount of Stoop's earnings that should be included in calculating consolidated diluted earnings per share?
If a company leases equipment to other companies and records these leases as operating leases rather than a capital leases, its' (the lessor's):
last year the return on total assets in jeffrey company was 8.5. the total assets were 2.9 million at the beginning of
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