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Question - B Company owns 90% of C Company shares. B reports sales of $500,000 and C reports sales of $250,000. During the year, C sold inventory costing $30,000 to B for $60,000. Of this amount, 25% is still in ending inventory at year end. Net receivables on the consolidated balance sheet were $80,000 at the first of the year and $118,000 at year end. The Allowance for doubtful accounts was$8,000 at the beginning of the year and $12,000 at the end on the year. No intra-entity debt existed at the beginning of the year or at the end of the year.
Required - Using the direct method, prepare schedule showing the amount of cash collected by the business combination from its customers.
santana rey has found that her line of computer desks and chairs has become very popular and she is finding it hard to
Explain how responsibility centers are used for the budgeting process. You must respond to at least two of your other classmates' posts to receive full credit.
List the various costs to you associated with owning and operating this car. Make an estimate of the total annual cost of owning and operating the car
How much goodwill impairment charge did Nike report in 2009? How often does Nike test its goodwill for impairment and what are the testing steps
The general ledger of the Karlin Company, a consulting company, at January 1, 2011, Post the journal entries to the accounts
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior
the following transactions apply to baker co. for 2010 its first year of operations.1. issued 130000 of common stock
Find a web site that produces a large amount of dat a. Investigate caching by running fetchall twice in succession to see whether the rep orted time changes much. Do you get the same content each time? Modif y fetchall to print its output to a fil..
Calculate the income based on current sales, prices, and costs. Now, calculate the income using a $14 price and a $12 price
Ralite Company had net income for the year of $20 Million. Calculate the following ratios: (a)price/earnings ratio, (b) dividend yield, and (c) dividend payout
selected account balances for hulse company at january 1 2014 are presented below.accounts payable14000accounts
costs incurred to date 280000 600000 785000 estimated costs yet to be incurred 520000 200000 0 customer billings to
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