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Vega Corporation has retained earnings of $5,130,000 on January 1, 2012. During the year, Vega earned $2,000,000 of net income. It declared and paid a $250,000 cash dividend. In 2012, Vega recorded an adjustment of $180,000 due to the understatement (from a mathematical error) of 2011 depreciation expense. Prepare a retained earnings statement for 2012.
chiks chickens has average accounts receivables of 5433. sales for the year were 8900.00. what is its average
One class of deductions is variously described as deductions for AGI, above-the-line deductions, and page 1 deductions. Explain the meaning of the various designations.
A financial forecast per professional pronouncements presents to the best of the responsible party's knowledge and belief,
Without regard for this investment, Keefe earns $300,000 in net income during 2006. What is consolidated net income for 2006?
quarter foods began its operations january 1 2014. as its food does not go bad quarter foods return policy is that
Sparrow Co. is currently operating at 80% of capacity and is currently purchasing a part used in its manufacturing operations for $8.00 a unit. The unit cost for Sparrow Co.
good internal controls are essential for effective and efficient operations of an enterprise. the downside is excessive
Instead of investing the entire $1,000,000, Lee invests $300,000 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments be if Lee plans to establish the $1,898,000 foundation..
If the company keeps and overhauls its present generator, then the generator will be usable for eight more years. If a new generator is purchased, it will be used for eight years, after which it will be replaced.
at the beginning of 2013 pitman co. purchased an asset for 900000 with an estimated useful life of 5 years and an
Employees earn $5,000 per day, work five days per week, Monday through Friday, and get paid every Friday. If the previous payday was January 26 and the accounting period ends on January 31, what amount is the ending balance in the wages payable ac..
Buffy, Inc. qualifies to use the installment-sales method for tax purposes and sold an investment on an installment basis. The total gain of $90,000 was reported for financial reporting purposes in the period of sale.
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