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As one of your first assignments as a new hire on the corporate treasurers staff of Global Enterprises, Ltd., you are asked to prepare an exchange rate forecast for the Zonolian ecru (ZOE). Specifically, you are expected to forecast what the spot rate for the ecru is likely to be at the end of 2011. Selected information on which to base your forecast follows. Be sure to identify any additional bases underlying your forecast and any assumptions
On Jan 5, 2011, the company determined that the copyright would expire at the end of 2016. Explain how much should the co. record as amortization expense for copyright for 2011?
Compare the accounting treatment of dividends appropriated from pre-control and post control equities of a subsidiary. Consider the accounting by the companies paying and receiving the dividend, as well as by the corporate group.
ParentCo's separate taxable income was $350,000, and SubCo's was $225,000. Consolidated taxable income before contributions was $400,000. Charitable contributions made by the affiliated group included $15,000 by ParentCo and $20,000 by SubCo. Compute..
If 'profit' maximisation is biased towards maximising the interest of only one stakeholder group, would you expect that over time there will be less emphasis on profits and more emphasis on other performance indicators?
What is the suitable amount that Bluey Ltd should identify for the leased aircraft on its statement of financial position as on 1st July 2010. State the reasons for your conclusion.
cost allocation theory through cost drivers.the city of seattle reading lists a series of costs and associated cost
problem
Record the journal entries necessary on Crain's books for 2005 assuming that Crain uses the equity method to account for its investment in Downey.
Using the concept of incremental analysis, expand on Nick's response on "why do you want to know?" what cost information would be relevant to a decision to drop the product that would not be relevant to a decision to increase a production by 100 u..
How much overhead should be applied to the above customer order? After executing activity-based costing (ABC), the company's accountant identified the subsequent related information:
Units produced and sols rs 11500, sales revenue rs 224250, variable cost rs 132000, fixed costs rs 67000. Create a fixed budget and a flexible budget. Show the usefulness of fixed budgeting and flexible budgeting from the view point of control.
Create journal entries for the transactions for Wilson Inc - On January 3, 2012, Brown, Inc. pays the company $30,000 Canadian dollars which the company converts to U.S. dollars. The exchange rate is $1 Canadian dollar buys $1 U.S. Dollar.
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