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Southwest holiday hotel issues financial statements annually to its stock holders:
Retained earnings account balances:
December 31, 2011: $150,000December 31, 2012: $200,00
Sale of capital stock:
2012: $10,0002013: 15,000
Dividends declared
2012: $20,002013: 30,00
Dividends paid:
2012: $15,0002013: $25,000
Operating results
2012 net income: $70,0002013 net loss: $10,000
Question 1: Using the information provided prepare statements of retained earnings for 2012 and 2013.
Mike's Electronics manufactures TVs and DVDRs. During April, the following activities occurred: Determine the total sales-mix variance. Determine the total sales-quantity variance. Determine the total sales-volume variance.
What would be included in the entry to record actual Manucatoring overhead costs incurred in a process department?
Staley Toy Co. makes toy flutes. Two manufacturing overhead application bases are used; some overhead is applied on the basis of machine hours at a rate of $9.70 per machine hour, and the balance of the overhead is applied at the rate of 230% of dire..
Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next 5 years. This interest rate is 10%.
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What is the difference between a general partnership and a limited liability company? When might each type of entity be used? Why
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