Reference no: EM133009690
Problem 1: Which of the following is not a step in revenue recognition?
a. Identify contracts with customers
b. Identify separate performance obligations
c. Allocation of the transaction price to performance obligations in the contract
d. Always immediately recognize revenue at the time the contract is signed
Problem 2: Plane Company has the following items: repurchased shares, $120,000; common stock, $825,000; deferred income taxes, $185,000, retained earnings, $430,000, and paid in capital in excess of par $200,000. What total amount should Plane Company report as stockholders' equity?
A) $1,270,000
B) $1,760,000
C) $1,575,000
D) $1,335,000
E) none of the above
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Estimate what is working capital
: Accounts Receivable is $150,000, Wages Payable is $225,000, Bonds Payable is $700,000, Inventory is $750,000. What is working capital?
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Find what c company times interest earned is
: What C Company's times interest earned for 2020 is? Which Bonds will sell for a _when the market rate of interest exceeds their stated rate.?
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Demonstrate an understanding of the be branding
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What is the impact to retained earning for corporation a
: In 2020 Corporation A had revenues of $525,000, expenses of $150,000, and declared dividends of $85,000. What is the impact to Retained Earnings?
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What total amount should plane company report as stockholder
: Plane Company has the tems: repurchased shares, $120,00, common stock, $825,000. What total amount should Plane Company report as stockholders' equity?
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Solve the issue price of the bonds for a company
: The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. Calculate the issue price of the bonds. Show your work
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Which short-term liabilities typically include
: Tellor Company is a defendant in a current lawsuit that it estimates a $850,000 probable loss. What The loss contingency should be
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Which section of the statement should cruise company report
: Cruise Company prepares its statement of cash flows using the indirect method. In which section of the statement should Cruise Company report the purchase?
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Determine the value of the apartment complex
: If Bandal's return requirement is 10%, determine the value of the apartment complex. Bandal Corporation wishes to purchase an apartment complex.
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