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Question - Assume the following cost of goods sold data for a company:
2014 $1,704,000
2013 1,400,000
2012 1,200,000
If 2012 is the base year, what is the percentage increase in cost of goods sold from 2012 to 2014?
85.7%
70.4%
42%
117%
What are some of the arguments in favor of using the indirect (reconciliation) method as opposed to the direct method for reporting a statement of cash flows?
Dividends of 70,000.00 were paid each of these two years. What is the equity method balance of Wilkerson investment at Bremm, Inc at December 31, 2009
Use this information to answer the following question. Beginning inventory 100 units @ $8.00. What is cost of goods sold under FIFO
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Assuming that the noncash assets aresold for $40,000, Prepare all liquidation entries in the journal provided without explanation.
Three individuals form a partnership sharing in profits and losses equally. What is each partner's adjusted basis in the partnership
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shimmer inc is a calendar year end accrual method corporation. this year its sells the following long term assetsassets
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