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Real Statistical Research, INC., (RSRI) ended 2010 with retained earnings of $72,000. During 2011 RSRI earned net income of $85,000 and declared dividends of $25,000.Also during 2011, RSRI got a $22,000 tax refund from the Internal Revenue Service. A tax audit revealed that RSRI paid too much income tax back in 2009. Prepare Real Statistical Research's statement of retained earnings for the next year ended December 31, 2011, to report the prior-period adjustments.
the comparative balance sheets for 2013 and 2012 and the statement of income for 2013 are given below for metagrobolize
Hedging Exchange Rate Risk. An importer in the United States is due to take delivery of silk scarves from Europe in 6 months. The price is fixed in euros.
these last two questions are giving me trouble. if anyone has any help to give me i would truly appreciate it.exercise
assume your company sells chocolate chip cookies in bags of a dozen each. the cookies are made in your kitchen for now
wells water systems recently reported 8250 of sales 4500 of operating costs other than depreciation and 950 of
A construction company can lease an asset for the next four years by making lease payments that are equivalent to annual payments of $3,000 at year 0, $6000 at year 1, $7000 at year 2, $7000 at year 3 and $4000 at year 4. Use a 12% minimum acceptable..
Journalize the entries to record the purchase (treasury stock is recorded at cost). Journalize the entries to record the sale of the stock.
Compute Marie's taxable income for 2008, assuming she is single and claims two dependent children. Her adjusted gross income is $70,000 and she has itemized deductions of $9,000.
Standard variable manufacturing costs were $15 per unit, and total budgeted fixed manufacturing overhead was $150,000. If there were no variances, net income under absorption costing would be:
the standard factory overhead rate is 7.50 per machine hour 6.20 for variable factory overhad and 1.30 for fixed
bosio inc.s perpetual preferred stock sells for 87.50 per share and it pays an 6.50 annual dividend. if the company
ryans operations are divided into metal casting and metal finishing. the casting department uses a departmental
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