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Panner, Inc., owns 30 percent of Watkins and applies the equity method. During the current year, Panner buys inventory costing $54,000 and then sells it to Watkins for $90,000. At the end of the year, Watkins still holds only $20,000 of merchandise. What amount of unrealized gross profit must Panner defer in reporting this investment using the equity method?
prepare jountal entries to record the following transactions involving the short term securities investments of blake
stanley childrens hospital reported an average cost per discharge of 6500 for the quarter with 300 discharges and an
bosio inc.s perpetual preferred stock sells for 87.50 per share and it pays an 6.50 annual dividend. if the company
anderwald corporation has provided the following production and average cost data for two levels of monthly production
Lisa has a $25,000 basis in her partnership interest before receiving a current distribution of $4,000 cash and land with a $30,000 FMV and $14,000 basis to the partnership.
The direct method might be easier to understand but it is also more expensive and more time consuming for the company why is that? and Whats the best method to use for businesses?
given targets stock price was 50 per share at the end of january 2011 what was targets pe ratio as of that date? if the
david oliver and umar ansari with capital balances of 28000 and 35000 respectively decide to liquidate their
the financial condition of greyco inc. is expressed in the following accounting equationassets
What price will your trade be executed - suppose an investor has submitted a limit order to sell at $55.38. What will happen?
what would an antitrust a regulatory and a do-nothing theorist say about the electrical power industry? the healthcare
Assume a 5 year useful life with a residual value of $50,000, how much depreciation expense should the company record on its books each year using the double declining balance method of depreciation?
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