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Pact Company had net income of $972,000 based on variable costing. Beginning and ending inventories were 7,800 units and 5,200 units, respectively. Assume the fixed overhead per unit was $3.61 for both the beginning and ending inventory. What is net income under absorption costing?
Cayemberg Company maintains a checking account at the Commerce Bank. At July 31, selected data from the ledger balance and the bank statement are show below.
vidro company prepares monthly cash budgets. revevant data from operating budgets for 2012 are january sales 350000
on january 1 2013 sweetwater furniture company leased office space under a 21-year operating lease agreement. the
le sud retailers has a current return on investment of 10 and the company has established an 8 minimum rate of return
linden inc. had the following note and interest receivable account balances at dec. 31 2012 note receivable from sale
on january 1 2009 seldon issues 450000 of 10 15 year bonds at a price of 93 14. six years later on january 1 2015
a consolidated balance sheet reports the financial position of two or more legal entities just as if they were one
vasquez corporation is considering investing in two different projects. it could invest in both neither or just one of
morse company manufactures basketballs. materials are added at the beginning of the production process and conversion
rush corporation plans to acquire production equipment for 635000 that will be depreciated for tax purposes as follows
Moon Shoe Factory is an investment center and is responsible for all of their net income and the use of their assets. In 2012, the invested assets totaled $475,000 and net income was $115,000.
the comparative financial statements of blige inc. are as follows. the market price of blige inc. common stock was 57
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