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Question - Large Company owns 30% of Small Company's common stock which gives it the ability to apply significant influence and thus uses the equity method of accounting for its investment. During 2020 Large sold inventory costing $120,000 to Small for $200,000. Also during 2020 Small resold $85,000 of this inventory to third parties. What journal entry would Large make at the end of 2020 to defer the intra-entity gross profit?
The fair values of its property were: December 31, 2020, $ 180,000 and December 31, 2021, $ 195,000. At December 31, 2021, Nickel should
prepare a Balance Sheet, given details attached below, Acid Test Ratio : 2.5, Current Ratio : 1.5, Net working capital Rs. 10, 00,000, Fixed Assets ?, Share holders fund Rs. 15, 00,000, Stock\ Inventory ?
In which of the markets would you recommend that the company focus its advertising campaign? Show computations to support your answer.
Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary at year-end
Purchased 80,000 shares, par P20, at P80 per share as long-term investment. What is the gain on sale of shares using FIFO approach
Because Brenda stayed with relatives while sightseeing, she only paid for 5 nights of lodging. What is Brenda's deduction for a. Airfare
MusicZ, prepares a change management plan using Kurt Lewin's change model and devise a strategy to overcome employee resistance.
lantto air uses two measures of activity flights and passengers in the cost formulas in its budgets and performance
felicia amp freds executive board has asked you to change the decision model previously completed to reflect the
Purchase returns and allowances8,400. Transportation-in11,000. How much will Goldman report as its cost of goods sold in its 2017 income statement?
1. james company has a margin of safety percentage of 20 based on its actual sales. the break-even point is 170000 and
How should ethical issues be considered in making business decisions? In other words, because ethical factors often cannot be measured
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