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Question - Flounder Corporation purchased for $320,000 a 25% interest in Murphy, Inc. This investment enables Flounder to exert significant influence over Murphy. During the year, Murphy earned net income of $169,000 and paid dividends of $62,000. Prepare Flounder's journal entries related to this investment.
The Original Budget is 100 x 40 x $25 = $100,000. The Actual Budget is 110 x 38 x $26 = $108,680. What is the Total Variance
X Company is considering conducting an immediate advertising campaign in order to increase sales of one of its more popular products. The marketing department.
AJD Builders Construction Company enters into a contract, Determine the probability-weighted amount for the management to determine the transaction price.
Adieu Company reported the following current assets and current liabilities for two recent years: Compute the quick ratio on December for each year
McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $818 per set and have a variable cost of $370 per set. The company has spent.
On January 1 of this year, Cunningham Corporation issued bonds with a face value. What amount of interest expense is recorded on December 31 of this year?
ABC's incremental borrowing rate is 10% per year. ABC does not have knowledge of the 8% implicit rate used by XYZ. What type of lease agreement exists
P200,000 bank loan to help finance the arrangement. The principal and interest on the loan matures in lump sum. Compute for the net income for year 3.
Purchased $12,000 of merchandise from Loew Co. on account, terms 2/10, n/30.
PV of an annuity due of 1 at 12% for 10 periods is 6.328; PV of 1 at 12% for 10 periods is 0.322. What is the annual depreciation of the right of use asset
seamark buys 300000 of eiders 8 five-year bonds payable at par value on september 1. interest payments are made
Lockard Company purchased machinery on January 1, 2010 for 80,000. Compute 2010 depreciation expense using the straight-line method
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