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Potts Corp had AEP of $20,000 at the beginning of 2000, and had CEP for calendar year 2000 of $30,000. During 2000, Potts distributed $40,000 on May 1 and an additional $40,000 on July 1 to shareholders. What portion of the July 1 distribution must be reported by shareholders as a dividend? Brown Corp, a calendar-year corporation, had AEP at the beginning of 2000 of $40,000 and had a deficit in CEP for 2000 of $40,000. Brown made a cash distribution of $50,000 to its shareholders on October 1, 2000. What amount of the $50,000 distribution must be reported as dividend income by Brown's shareholders?
in moore companys flexible budget graph the fixed cost line and the total budgeted cost line intersect the vertical
Calculate the direct-material price and quantity variances, and the direct-labo r rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.
What would be Altoona's finished-goods inventory cost on Dec 31 under the variable costing method?
Trey Monson starts a merchandising business
Each fund must account for interfund activity as if it were a separate accounting entity.
zeeb corporation produces and sells a single product. data concerning that product appear belowper unitpercent of
the general ledger of speedy ship at june 30 2012 the end of the companys fiscal year includes the following account
Identify account balances which are at risk of misstatement and identify two internal control weaknesses relating to each account balance identified
calcor company has been a wholesale distributor of automobile parts for domestic automakers for 20 years. calcor has
Tree Frog Company is organized as a LLC and pays no income taxes. The company has fixed interest expense of $5,750, Sales of $253,000 and variable expenses of $189,750. What is the company's times interest earned ratio?
Prepare journal entries to record the preceding information in a single Surprise County Construction Fund and the governmental activities general journal at the government-wide level.
the alpenrose milk company uses a perpetual inventory system. the following transactions affected its merchandise
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