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On December 1, 20x1 Pimlico made sales to a customer in India and recorded Accounts Receivable of 10,000,000 rupees. The customer has until March 1, 20x2 to pay. On December 1, 20x1, Pimlico paid $500 for a put option to sell rupees at a strike price of $2.30 per 100 rupees on March 1, 20x2, which was the spot rate on December 1, 20x1. On December 31, 20x1, the spot rate was $2.80 per 100 rupees and the option premium was $0.004 per 100 rupees.
What is the fair value of the option on December 1, 20x1?
If Telconnect has applied the partial equity method, what Entry *C is needed for a 2011 consolidation. What noncontrolling interest balance will appear in consolidated financial statements for 2011?
Journalize the activities from job cost sheets in the general journal. Also journalize the other costs that occurred during this period of time.
Evaluate the depreciation expense and the cost of timber sold related to depletion for 1998 and determine the cost of timber sold related to depletion for 2009.
Who are the users of ratio analysis and Describe what ratio analysis is to your classmates.
The effect of information systems may be quantified in every organization. Using specific examples in your own organization, illustrate how does the information system you use make your job easier? Why? How may it be improved?
The company will pay these amounts early next year. Show what Potvin will report for the foregoing on its income statement and year-end balance sheet.
Journalizing the admission of new partner under differ methods and admission of New under each of the following independent assumptions.
Show the corrected Cost of Goods Sold calculations for both 2011 and 2012. Consider the errors had not been corrected, in your answer book, in tabular format as shown below show the dollar effect
while other companies in the industry have experienced decreasing or level sales. Discuss what factors are used to determine whether Amanda's salary represents reasonable compensation.
Calculation of Estimated Allowance for doubtful accounts with a change in Sales - What would you answers be for parts 1 and 2 if sales for the current period were $220,000
Cobden had initially estimated that it would work 55,000 direct labour hours during the year and incur $330,000 of manufacturing overhead cost. Illustrate what was Cobden Manufacturing Company's manufacturing overhead cost for the year?
Del's Diner anticipated that 84,000 process hours would be worked during an upcoming accounting period when, in fact, 90,000 hours were actually worked. Illustrate what is Del's flexible budget for the preceding cost formula?
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