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Question - Suppose that Chuckie Cheese acquired 33.33% (one-third) of Toys R US from an unrelated third party for $80 million on October 1, 2012. At the acquisition date, the total book value of Toys R US's shareholders' equity was $240 million. Both have September 30 fiscal year ends. For the fiscal year ended September 30, 2013, Toys R US earned a total net income of $70 million and paid total dividends of $20 million.
Required - What would be the carrying amount of Chuckie Cheese's investment in Toys R US on September 30, 2013?
If management accounting is supposed to serve the information needs of managers, why should managers know and understand financial accounting?
What is the total amount of the costs listed above that are direct costs of the Shoe Department?
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What The total product cost per unit under absorption costing is? Generation15 manufacturer reports the costs to produce 23,000 units in it's first year
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