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At May 25, 2003, meeting, the Company approved a plan that a facility in Arkansas was to be closed on October 1, 2004, terminating 300 employees working there.One June 1, 2003, notified the employees of the restructuring plan. In order to encourage the employees to stay at the facility until the termination date, the company agreed to pay each employee $20,000 on April 1, 2005, six months after termination.Based on its traditional annual employee turnover of 80.5%, the company anticipated that 242 employees will collect the benefit. The present value factor of 0.98039 for the six-month period.1. In reporting to its U.S.- based on US GAAP, provide all journal entries for June 1st 2004, June 30th 2004, October 31st 2004, Nov 30th 2004 for restructuring program.2.1. In reporting to its U.K.- based on IFRS, provide all journal entries for June 1st 2004, June 30th 2004, October 31st 2004, Nov 30th 2004 for restructuring program.
On July 1, 2014, Ambrose was admitted to partnership in the firm of Ambrose & Nectar. His contribution to capital consisted of 500 shares of stock in Paniculata Corporation
A sales invoice totaling $3,000 and dated January 14 has discount terms of 2/10, n/30. If it is paid January 23, what would be the entry to record this transaction?
Relate your explanation to the audit functions in your organization, or an organization with which you are familiar.
What are computer literacy and information systems literacy? Why are they important?
Are capital assets taxed the same as other items of income? Be certain to identify items that affect valuation of the asset for accurate calculation of a gain or loss to the asset owner upon disposal, and explain how these items influence, or dete..
porter corporation owns all 30000 shares of the common stock of street inc. porter has 70000 shares of its own common
olde charm bakery makes sandwiches pastries cakes and cookies. currently it makes its own sourdough bread at a total
the controller of a small private college is complaining about the amount of work she is required to do at the
The professor, who knew that Joe worked as a factory supervisor, had said that some of Joe's salary could end up on the company's balance sheet at the end of the month. This didn't make any sense to Joe since he gets the salary, not the company.
Following is the 2006 balance sheet for Sumi Industries. Complete the balance sheet by using the information that follows it.
to raise operating funds signal aviation sold an airplane on january 1 2013 to a finance company for 1030000. signal
This video provides a nice summary of the topics to be discussed during this course, which will be a combination of financial and managerial accounting. What are some of the differences between financial and managerial accounting? Which topics a..
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