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Discussion
Research the history of process costing in the United States. When did it begin to be used in manufacturing companies? What type of company would use a process costing system?
Investigate process costing accounting in at least one country outside of the United States. What are the reporting requirements, if any? If possible, find a company that would use process costing.
When the corporation sends out its 1099-DIV forms to its shareholders, how much of the distribution will be taxable to the shareholders as dividends?
Why will there frequently be a difference between the budgeted cost of material in the material purchases budget and the budgeted cash disbursement for material in the cash budget?
Zortek Corp. budgets production of 400 units in January and 200 units in February.
What is the amount of net decrease in cash during the month, what is the amount of net increase in owner's equity during the month and what is the amount of the net income for the month?
The value of the office supplies on hand at the end of the year - Make a journal of the transactions
Assume that neither company had beginning or ending balances in its Accounts Receivable or Wages Payable accounts. Explain which company would have the lowest net cash flows from operating activities for 2011.
Explain why corporation managements desire sustained cash dividends per share with an increasing trend and attempt to avoid fluctuating cash dividend payments.
Calculate the correct net income for 2010 and 2011. In your answer, start with the reported net income amounts. Then show the effects of each correction
Identify the balance sheet accounts that Kate will likely need to record the transactions needed to open her business. Indicate whether the normal balance of each account is a debit or a credit.
What is the net cost of the machine to the dealer, assuming it is paid for within 10 days of purchase?
Prepare a bank reconciliation in good form - record the necessary journal entries on the company's books resulting from the bank reconciliation prepared in part (1) above.
Electronics Unlimited uses activity-based costing to allocate all manufacturing conversion costs. Electronics Unlimited produces computer keyboards.
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