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Carson Company has four separate operating segments:
Apples
Oranges
Pears
Peaches
Sales to outsiders
$123,000
$81,000
$95,000
$77,000
Intersegment transfers
31,000
26,000
13,000
18,000
What revenue amount must one customer generate before it must be identified as a major customer?
a. $37,600.
b. $41,200.
c. $46,400.
d. $56,400.
Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance.
Explain how much gain or loss does each party recognize? What is the basis of the properties held by each at the end of the transaction? How much of each partys gain or loss is postponed (deferred)?
the amortization expense entry recorded during the year is eliminated on a consolidation worksheet as a component of entry I. what is the necessity of removing this amortization?
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Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions
calculation of net income from the change in stockholders equity.presented below is certain information pertaining to
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an auditor noted that client sales increased 10 for the year. at the similar time cost of goods sold as a percentage
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