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Problem - Retained Earnings Statement
Auckland Cruises Inc. reported the following results for the year ending April 30, 2012:
Retained earnings, May 1, 2011 $3,180,000
Net income 515,000
Cash dividends declared 100,000
Stock dividends declared 125,000
Required - Prepare a retained earnings statement for the fiscal year ended April 30, 2012.
assume that a large copy machine is being purchased by your employer. the cost is 200.000. the manufacturer claims it
Determine the depreciation expense for the second years of operation using (a) straight-line method, (b) units of production, (c) declining balance method
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What are the advantages and disadvantages of streaming movies and TV programs over the Internet?
Develop a list of arguments in support of your view prior to the class session for which the case is assigned. Do not be influenced by the method required by the FASB. Base your opinion on the conceptual merit of the options.
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Ash Wares is a division of a major corporation. The following data are for the latest year of operations. What is the division's turnover
given the following events what is the per-unit value of ending inventory on november 30 if this company uses a
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