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Question - Company A buys 5,000 units of inventory for a total of $10,000 from an unrelated third-party company. Later, Company A sells these units to its subsidiary, Company B, for $15,000 in an intercompany inventory transaction. Company B sells 3,000 of the 5,000 units to unrelated customers for $12,000 and holds the other 2,000 units in inventory until customers buy them in the future. What is the correct elimination journal entry to account for the intercompany inventory transfer?
Fritters & Sons uses the allowance method of handling its credit losses. Prepare the adjusting entry to record the credit losses for the year
simon companys high and low level of activity last year was 60000 units of product produced in may and 20000 units
Far-2-Ezy (F2E) makes loans to high-risk borrowers. F2E borrows from its bank and then lends money to people with bad debt histories. The bank requires F2E.
Exponential and Poisson prediction. Fifty-eight fans in service Predict the number of such fans that will fail in the next 2000 hours of service on each fan; assume that failed fans are replaced by a fan with a new design that does not fail. Do
Labor standards were 7.3 hours per completed unit at a standard rate of $13.22 per hour. Compute the labor rate variance
Two Brother's Moving Company purchased a group of new moving trucks for a total amount of $125,000. What is the journal entry for asset disposal in fourth year
During 2014, Drabble received a $4,000 cash dividend from Gilliam. What effect did this have on Drabble's 2014 financial statements?
1. John Parsons (123-45-6781) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111111), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303. The company's S corporation election was made ..
During May the company's activity was actually 105 diving-hours. What would a flexible budget look like for this level of activity
The management of Gladow Inc. is trying to decide whether it can increase its dividend. Compute the company's free cash flow
There are 10,000 units of product X which cost $7 and 3,000 units of product Y which cost $20. What is the price index for year 1 and year 2?
brent owns beck trucking. seven years ago he purchased a large-capacity dump truck for 115000 to provide short-haul
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