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On April 1, Pujols, Inc., exchanges $430,000 air-value consideration for 70 percent of the outstanding stock of Ramirez Corporation. The remaining 30 percent of the outstanding shares continued to trade at a collective fair value of $165,000. Ramirez' identifiable assets and liabilities each had book values that equaled their fair values on April 1 for a net total of $500,000. During the remainder of the year, Ramirez generates revenues of $600,000 and expenses of $360,000 and paid no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?
At a volume of 5,000 units the company incurs $25,000 in factory overhead costs. If volume increases to 10,000, illustrate what would the expected total overhead costs be?
What is uncle Bruce's plantwide overhead rate? Compute the departmental overhead rates for uncle Bruce's three production lines. Round all answers to nearest cent.
Decision of inclusion of transactions in the cash flow statement - Should this transaction be included in the calculations on the cash flow statement or shown in the note and desscribe your answer
Find the average cost from the given data - Why do the costs per diner for the three different parties differ from each other and from the overall average cost of $15.00 per diner?
What would your response be, drawing on concepts from this course. What is this designation? How do you get it? How might it help someone who has a commitment to a career in accounting.
What gain or loss is recognized by the corporation when it issues its shares to Dave? What is the basis to the corporation of the property it received from Dave?
Describe the advantages and disadvantages of having diverse accounting standards that are the product of each country's national environment.
Purpose entries for Bosio to record (a) its payments to Harper for the right to sublease the building space (b) its payment of the 2009 annual rent to the building owner, and (c) its payments for the office improvements.
Purpose the analysis of give case study
Illustrate what volume was the old break-even and what is the new break-even? In order to make the same profit how many more packages needs to be produced?
What price would have been charged to the customer if the job required $3,3000 in materials and $4,5000 in direct labor cost, and the company priced its jobs at 20% above the job’s cost according to the accounting system?
Evaluate the price and quantity variances and purpose Direct materials Price Variance Efficiency varianceLabor rate variance Labor Efficiency Variance and pass necessary comments.
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