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December 20, 2014

Posts by accounts


Total # Posts: 4

accounts
A prospective investor has hired you to develop a worksheet that will compute the book value per share on each class of stock of various companies. Your worksheet should include a Data Section. One of the companies the investor is currently interested in is Hawk Enterprises, ...
August 26, 2012

accounts
Package Plus, Inc. has $2,000,000 of 10% bonds outstanding on December 31, 20X8. On January 1, 20X9, WrapIt Corporation, an 80%-owned subsidiary of Package Plus, Inc. purchases a $200,000 part of Package Plus, Inc.’s outstanding bonds in the market for $195,000. The ...
August 26, 2012

a
Bentley Biscuits, a wholly-owned English subsidiary of U.S. Bakery (a U.S. firm) maintains its inventory at cost, and Bentley Biscuits’ books are reflected in British pound sterling. U.S. Bakery's functional currency is U.S. dollars. Determine the inventory value ...
August 26, 2012

accounts
The differences between the book basis and tax basis of the assets and liabilities of Castle Corporation at the end of 2008 are presented below.  It is estimated that the litigation liability will be settled in 2009. The difference in accounts receivable will result in ...
August 25, 2012

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