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What is the rate of return on common stockholders' equity if sales are $100,000, net income is $22,700, and average common stockholders' equity is $86,000?
A. 26.4%B. 86.0%C. The rate of return can't be determined from the information given.D. 22.7%
Susco distributed two assets in a transaction that qualified as a redemption.One asset had an adjusted basis of $100,000 and a fair market of $135,000.
Discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. If an entity was perceived to be short term, what effect would that have on the accounting system?
On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000. The machine is estimated to have a 4-year useful life and a $1,000 residual va..
overhead costs applied to direct costs are 30%. a total of 3,500 meters were maintained. a private firm offers to do your PM for $10 a meter. Given the following information, should you contract out?
Dalton construction contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to construction are:
A company issued 10%, 10 year bond payable with a par value of 720,000. The bonds were issued for 817,860 cash, which provided the holders an annual yield of 8%. Prepare a journal entry with a straight line method for the first semiannual interest..
How much is debt service funds for payments of principal over the life of the bonds? How do you report the other?
When one media company buys another, goodwill is often the most costly asset acquired. World media paid $700,000 to acquire-Journalize World Media's acquisition of The Dandy Dime.
(1) inventory with a basis of $15,000 and a fair market value of $13,000, and (2) land with a basis of 5000 and fair market value of $20,000. What are Amy's bases in the land and her partnership interest after distribution?
You have a total of $411,016 in your retirement savings and have the funds invested such that you expect to earn an average of 7.10 percent, compounded monthly on this money throughout your retirement years.
John Smith started a consulting business and completed the following transactions. Prepare all journal entries related to these transactions.
Of the several uses of standard costing, one of the most controversial is using these standards for performance evaluation of an individual, team, or unit. Consider the labor efficiency variance and assume it is one of the measures for a company's..
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