Question - A Belgian food distributor reported ending balances in Prepayments of €38.4 million, €32.3 million, and €52.6 million for the years ended December 31, 2012, 2011, and 2010, respectively. Assume that Prepayment ...
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Question - Flounder Corporation sold $3,490,000, 7%, 5-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. Flounder Corporation uses the straight-line method to amortize bo ...
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Question - Adams Jackson invests $53,400 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Adams withdraws the accumulated amount of money. ...
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Question - On June 30, 2018, Pharoah Co. sold equipment to an unaffiliated company for $1600000. The equipment had a book value of $880000 and a remaining useful life of 10 years. That same day, Pharoah leased back the e ...
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Question - X Company estimates the following for its three products, A, B, and C, for 2018: A B C Revenue $47,460 $24,303 $63,666 Total variable costs 29,400 18,224 26,136 Fixed costs in 2018 are expected to be $19,800 ...
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Question - Total fixed costs for Randolph Manufacturing are $754,000. Total costs, including both fixed and variable, are $5,000,000 if 160,000 units are produced. The variable cost per unit is A. $26.54/unit. B. $31.25/ ...
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Question - On May 15, 2016 the Smoky Bear Company inventory storage facility was completely destroyed in a fire. Offsite accounting records reflect the normal gross profit rate is 40% of sales. Sales to the date of the f ...
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Question - In 2017, Wildhorse Corporation had net cash provided by operating activities of $569,000, net cash used by investing activities of $965,000, and net cash provided by financing activities of $592,000. At Januar ...
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Question: Decision Making with Managerial Accounting Due to varying business characteristics, the managerial accounting techniques applied in each business may differ. For example, a business in the start-up phase may re ...
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Assignment - Discuss 'Accountant and /or auditor's responsibilities and contributions towards corporate governance'. Summary - Identify Common and different themes for 4 articles Managerial Implications for 4 articles Li ...
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