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Question - XYZ purchased $100,000 equity interest in Z-Tech, Inc, on January 1, 2020. On November 30. 2020, Z-Tech paid dividends of $3,000 to XYZ. At December 31, 2020, XYZ's holdings in Z-Tech is valued at $101,000. Prepare the entries necessary to record (1) the purchase of the investment, (2) the receipt of dividends and (3) year-end adjusting entry assuming that XYZ uses the Available for Sale method to account for this investment.
Brendal Corporation is a manufacturer that uses job-order costing. How much is the total manufacturing cost added to Work in Process during the year
"Vincent Vineyard, MD, is a very successful physician in Temecula, California. What additional information might you want in this situation
Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
a company is considering two alternative technologies for manufacturing a product. the cost data are shown below. a. fc
How much should the XYZ Company report on the balance sheet for the investment in Rayco at the end of 2014
zara clothing has a defined benefit pension plan for its employees. as of december 31 2012 the balance in the projected
An appliance retailer purchased a small vacuum cleaner for $98.99. He plans to take a 45% markup. What will the selling price be?
clay pooll hardwares is only hardware store in a remote area of northern minnesota. some of claypools tranactions
On October 29, 2012, Lobo Co. began operations by purchasing razors for resale.
Olmsted Company has the following items: common stock, $720,000; treasury stock, $85,000; deferred taxes, $100,000 and retained earnings, $363,000. What total amount should Olmsted Company report as stockholders' equity?
Calculate the total current assets at December 31, 2016, Calculate the total liabilities and stockholders' equity
cal farms reported supplies expense of 1600000 this year. the supplies account decreased by 280000 during the year to
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