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1.At April 1, 2014, the Environmental Protection Agency is in the process of investigating a possible chemical leak last June at a facility of Shu Lamination, Inc. The EPA has not yet proposed a penalty assessment. Shu's fiscal year ends on December 31, 2013. The company's financial statements are issued in April 2014.Required:For each of the following scenarios, determine the appropriate way to report the situation. Explain your reasoning and prepare any necessary journal entry.1. Management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible.2. Management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable.3. Management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible.4. Management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.
Stock # of Shares Date Purchased Date Sold Per Share Cost Per Share Selling Price Total Dividends
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During the current year, the Yankton Company purchased 200 shares of in the Sorros Company for $13,000 as a temporary investment. At the end of the year, the market value of the stock was $11,000. The Yankton Company's financial statements for the..
Based on the data presented above, what is the number of times bond interest charges were earned (round to two decimal places)?
hours worked, 48; federal income tax withheld, $341; cumulative earnings for year prior to current week, $96,780; social security tax rate, 6.0% on maximum of $103,004; and Medicare tax rate, 1.5% on all earnings. What is the net amount to be paid..
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axle supply co. expects sales next year to be 300000. inventory and accounts receivable will increase by 60000 to
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