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Question - Bellgrade, Inc., acquired a 60 percent interest in Hansen Company several years ago. During 2011, Hansen sold inventory costing $75,000 to Bellgrade for $100,000. A total of 16 percent of this inventory was not sold to outsiders until 2012. During 2012, Hansen sold inventory costing $96,000 to Bellgrade for $120,000. A total of 35 percent of this inventory was not sold to outsiders until 2013. In 2012, Bellgrade reported cost of goods of $380,000 while Hansen reported $210,000 What is the consolidated cost of goods sold in 2010?
a) 465,600
b) 473,440
c) 474,400
d) 522,400
The car was covered by a $2,000 deductible insurance policy. Norm did not file a claim against the insurance policy because of a fear that reporting the accident would result in a substantial increase in his insurance rates. His adjusted gross inc..
Jones Company allocates overhead on the basis of direct labor hours. It allocates overhead costs of $12,800 to two different jobs as follows: Job 1: (10 hours) = $6,400 Job 2: (10 hours) = $6,400
Complete the cost schedule, identifying each cost by theappropriate letter (a) through (o).
johnson enterprises inc. is involved in the manufacture and sale of electronic components used in small amfm radios.
Your outline should provide a map for your paper in which you discuss how accounting standards are set (including a brief history), the influences of economic, and political, financial and cultural factors.
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williams corporation purchased a depreciable asset for 400000 on january 1 2010. the estimated salvage value is 40000
shirts unlimited operates a chain of shirt stores that carry many styles of shirts that are all sold at the same price.
Prepare a combined statement of income and comprehensive income for 2011, beginning with net income.
lonely guy repair service recently performed repair services for a customer that totaled 400. somehow the bill was lost
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