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Nikels prepares its statement of cash flows using the direct method. If Nikels sells equipment for a gain of $35,000 when the book value is $100,000 what amount will be reported on the statement of cash flows operating activities section related to this gain?
In December, Sara’s Sodas produced 4.1 million liters of the beverage. Manufacturing overhead was $1,405,000 and the cost per liter was $0.41. Labor costs were 20 percent of materials cost. Calculate the materials cost for December. Calculate the lab..
Analyze each transaction and show the effect of each on the accounting equation for a corporation
Determine whether Toys4U has satisfied its performance obligation when it delivers the dolls to McDonald's. Explain your answer.
in 2014 mordica co. issued 300000 of its 500000 authorized shares of 10 par value common at 35 per share. in january
The Covariance of the returns between Willow Stock and Sky Diamond Stock is 0.0940. the Variance of Willow is .1310, and the variance of Sky Diamond is .1240. What is the correlation coefficient between the returns of the two stocks? A stock has an e..
The Flemings secured a bank loan of $384,000 to help finance the purchase of a house. The bank charges interest at a rate of 3%/year on the unpaid balance, and interest computations are made at the end of each month. The Flemings have agreed to repay..
Prepare a journal entry summarizing the payment of Flip s total salary during the year and prepare a journal entry summarizing the employer payroll tax expense on Flip s salary for the year.
Which of the following items relating to direct labor employees might be charged to specific jobs in work in process rather than factory overhead?
Houston Dialysis Center is a department of Houston General Hospital, a full-service, not-for-profit acute care hospital with 325 beds. The bulk of the hospital's facilities are devoted to inpatient care and emergency services. However, a 100,000 s..
In designing further audit procedures, the auditors should assess the risks of material misstatement of the financial statements. Describe the auditors' general approach to such risk assessment. Identify potential responses to financial statement lev..
Evaluate Kat's bank reconciliation. What adjustments, if any, does she require to make in her checkbook?
What are the most important reasons Starbucks' ROA decreased during the three- year period? Analyze the financial ratios to the maximum depth possible with the information given.
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