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The following transactions were among those reported by Corfe City's electric utility enterprise fund for 2012:
Capital contributed by subdividers $ 900,000
Cash received from customer households 2,700,000
Proceeds from sale of revenue bonds 4,500,000
In the electric utility enterprise fund's statement of cash flows for the year ended December 31, 2012, what amount should be reported as cash flows from capital and related financing activities?
Timmer Bachman founded the Bachman Corporation over 25 years ago. The company's genesis was spurred by the unique climbing apparatus developed by Timmer, an avid mountaineer. What was Bachman's flexible budget variance? What was the budgeted contrib..
Weber Corporation has 10 million shares of a preferred stock issue outstanding that pays a cumulative $6 annual dividend on a quarterly basis. However, due to poor profitability the company has not paid the preferred stock dividend for the last five ..
Prepare Santana Industries' 2016 statement of cash flows, using the indirect method to present cash flows from operating activities.
What amount of the acquired earnings and profits deficit of $30,000 can be used to offset Shipyard's current earnings and profits for 2011?"
Suppose you have been assigned as the production manager of a new line of men’s blazers with a target delivery date within 3 weeks. Your market analysts claim that the market can easily bear the price of $120 per blazer. Production costs stand at $40..
Determine the NPV for the purchase, lease without the service contract, and the lease with the service contract.
The firm partners expect client billing revenue will increase by 35% while costs will be reduced by 20%. Identify the revenue and costs considerations and other relevant issues that should be considered.
Fisk Company uses a standard cost accounting system. Prepare an income statement for management for the month ended January 31, 2014.
The factory administration costs are allocated based on direct labor hours, factory maintenance costs are allocated based on square footage occupied, and factory cafeteria costs are allocated based on the number of employees.
Prepare the adjusting entry recorded on December 31, 2010. Prepare the entry recorded on March 1, 2011. Prepare the entry recorded on September 1, 2011.
Does the company have bonds payable? If so, what are the amounts? Please also describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium a..
What amount, if any, is disclosed in the balance sheet as a liability for future warranty costs as of December 31, 2010, under each method?
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