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Question - The Shallow Pan Company has 85 obsolete pans in inventory at a cost of $5,000. The obsolete pans can't be sold in their current condition. The pans can be upgraded to tri-ply for $2,000. The tri-ply pans could be sold for $3,500 in total. If the pans are scrapped, they could be sold for $1,250. Which alternative should the Shallow Pan Company accept and what is the relevant profit from the alternative?
On October 30, Seba Salon, Inc. issued a 90-day note with a face amount of $36,000 to Reyes Products, Inc for merchandise inventory. Determine the adjusting entry for Seba on December 31 assuming the note carries an interest rate of 8%.
the cash account for online medical co. at june 30 2012 indicated a balance of 9375. the bank statement indicated a
The Fridge- Air Company's preferred stock pays a dividend of $ 4.50 per share annually. If the required rate of return on compara-ble quality preferred stocks is 14 percent, calculate the value of Fridge- Air's preferred stock.
chang corp. had 500000 shares of common stock outstanding. during 2012 it had the following transactions that affected
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danielle manning d.d.s. opened a dental practice on january 1 2012. during the first month of operations the following
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Prepare a three-year schedule similar to the one above, but compare earnings per share during the years 2011, 2010, and 2009
The manager of Quality Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,200 for 1,200 inspections to $3,800.
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