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Question - A subsidiary sold inventories to its parent for $30 000. The inventories originally cost the subsidiary $12 000. At balance sheet date, the parent had 40% of the inventories still on hand. What the consolidation adjustment entry (excluding tax effects) will eliminate unrealised profit amounting?
on november 1 year 1 black lion company forecasts the purchase of raw materials from an argentinian supplier on
Projected fixed costs are $314,800 and the anticipated operating cash flow is $206,300. What is the degree of operating leverage for this project
Larry and Barry owned equally all of the stock of an S corporation. How much of the loss should be allocated to Larry rounded to the nearest dollar
Why are reversing entries optional?
For the month of April, compute the following variances - Direct manufacturing labor price variance and Direct materials efficiency variance
a company declared a 0.55 per share cash dividend. the company has 200000 shares authorized 190000 shares issued and
State law requires that school district budgets be balanced. What is the possible cause of action available to the auditor
Develop two or three additional factors (power, influence, coalition) that could have used to improve negotiation performance, and explain
What are some of the benefits of revaluation from the standpoint of a financial statement user? What happens on the balance sheet when plant assets are revalued
Net working capital, other than cash, is $3,220. Fixed assets are $17,530 and current liabilities are $1,690.
In 20x1, Chili Peppers Co. started work on three contracts. How much is the total revenue recognized from the contracts in 20x2?
Student A supports the introduction of full accounting for intangible assets including internally generated goodwill
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