Documents Found!
As seen in
Less Work, Better Grades
Join
Course Hero
Access
best resources
Ace
your classes
Ace your courses with Course Hero!

Submit your homework question or assignment here:
352 Tutors are online
 
*  Attach Assignment (optional):
 
Our current time in (CST) is
 
Study Smarter, Score Higher
View This Document For FREE!
 
Document Content (unformatted)
Course Hero has millions of student submitted documents similar to the one below including study guides, homework solutions, papers, exam answer keys and textbook solutions.
Hayes Brandon 9/12/05 Progressive Movement The progressive movement was a critical period of time for the United States. In these years the country faced many ups and downs. Many laws were formed to help our country get through trying times. In the end these acts and amendments helped improve the people's way of life. This time period had many trying times for every individual as well and because of that the progressive movement is a huge part of American history. I believe that moving towards the west, was the biggest success of the progressive movement. By doing this our ancestors opened up doors that the United States could have never done without the territory that they discovered. This was the early development of what is the main land body of our country. By expanding to the west we discovered many natural resources that boosted the economy throughout the nation. Industrialization was the weakest aspect to the progressive movement. Although a few places expanded the businesses out many did not. When you industrialize cities more people show up and more people have jobs. This creates a steady economy which is the backbone of what we consider successful. Each city should have recognized this downfall and worked to achieve the ultimate goal which was having a successful economy in your own If region. it was up to me I personally would have expanded to west as they did but with a few slight changes. Instead of many people spreading out over a vast area of land, groups Brandon Hayes 9/12/05 should have formed small villages. Everyone wanted to farm out there but that's not exactly what was needed. If they set up small villages and everyone took to their own job this would have created successful towns through the west. Eventually more and more people would follow once they saw how much this way of life paid off. Although this is only a stereotypical way it is the base of a great economy for the west but this is what I believe should have been done differently. As we all know there are always the people that stay behind and don't believe in change. During the progressive movement these were the people that were wrong. At this period of time moving to the west the absolute best decision for our country and big step forward for us becoming an international power. Throughout history we have all seen that expansion has made The United States of America what it is today and without a doubt the best country to live in. The early decisions of our ancestors make up our way of life now and I believe that for the most part their way of life and doing things got us to where we are today.
Find millions of documents here - Study Guides, Homework Solutions, Papers, Exam Answer Keys and more. Course Hero has millions of course related materials that will enable you to learn better, faster and get an A in all your courses.
Below is a small sample set of documents:

Florida State College >> AMH >> 2020 (Fall, 2006)
Brandon Hayes AMH2020 MWF9 Vietnam War The Vietnam War was truly one of the most uncommon wars ever fought. This conflict was so hostile and ironic, that the official beginning and end could never be identified, or pinpointed. Likewise, the enemies a...
Florida State College >> AMH >> 2020 (Fall, 2006)
June 7 2005, 42 Iraqis reported killed in insurgency-related violence, 67 people reported injured in four bombings - three in the northern town of Hawija and one in Baghdad, 3 US soldiers killed, 1 foreign hostage taken, 40 foreign hostages believed ...
Florida State College >> AMH >> 2020 (Fall, 2006)
Brandon Hayes Essay #2 10/10/05 Truman Did Truman make the right decision, yes or no? On the morning of August 6, 1945, the first atomic bomb was dropped on Hiroshima. One newspaper described the destruction as, \"Images of swirling fire, angry impr...
ETSU >> ALHE >> 2010 (Spring, 2008)
1. List and explain the characteristics of each of the seven stages of life. The characteristics are to include physical, mental, emotional and social development. In infancy there are rapid changes in the physical development, weight usually triples...
ETSU >> ALHE >> 2010 (Spring, 2008)
1. Explain the difference between civil and criminal law. Civil law focuses on legal relationships between people and the protection of a person\'s rights. Criminal law, on the other hand, focuses on wrongs against a person. Health care mainly deals w...
ETSU >> ENG >> 2020 (Fall, 2007)
In Elizabeth Bishop\'s \"One Art\" the narrator talks of losing the most intimate of possessions and the effortlessness of mastering the art of losing. Bishop tells us in the poem that the narrator has lost numerous things. The things the narrator loses...
ETSU >> ALHE >> 2010 (Spring, 2008)
1. Describe eight types of health care facilities. Hospitals are the major type of health care facility. They range in all sizes small hospitals usually cater to the basic need of the community that it is located in; on the other hand, large more co...
ETSU >> ENG >> 2020 (Fall, 2007)
Dianna Dishner 2120.001, Dr. Kornweibel In Jack London\'s \"To Build a Fire\", the narrator shows the journey of a man and his dog through the harsh Yukon winter. The unnamed man had been warned that the territory was rough and too cold to go on alone. ...
Wake Forest >> HES >> 100 (Fall, 2007)
10/8/06 MW 10am HES 100 Extra Credit ~ myStudentBody.com/STDs QUIZ Take the \"WHAT DO YOU KNOW\" Quiz. What were your results? I received a 10/10. STDs 101: Read all personalized items they are marked with a yellow checkmark. Read/review the Articl...
Wake Forest >> HES >> 100 (Fall, 2007)
October 1, 2006 M/W 10 AM HES 100 Alcohol Assignment The Blood Alcohol Educator Below is a list of the questions to complete for the Blood Alcohol Educator. 1. List what type and the number of alcoholic drinks it takes for you to achieve a Blood Alc...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P18-15 Entries for Funds [AICPA Adapted] Fund 1. General Fund Special Revenue Fund General Fund Journal Entries ESTIMATED REVENUES CONTROL 695,000 APPROPRIATIONS CONTROL BUDGETARY FUND BALANCE UNRESERVED Taxes Receivable Current Allowance for Uncol...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E3-18 Subsidiary Acquired at Net Book Value Actual Entries: Investment in Dwyer Cash 170,000 170,000 Elimination Entries Common Stock Retained Earnings Investment In Dwyer Working paper: 90,000 80,000 170,000 Cash Acct Receivable Inventory Fixed As...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P2-26 Amortization of Purchase Differential $120,000 30% (100,000 + 150,000) = $45,000 BV FV 30% of Difference Building & 300,000 360,000 18,000 Equip Copyrights 27,000 45,000 Journal entries recorded by Ball Corporation: (1) Investment in Krown Com...
2-4
Oklahoma State >> ACCT >> cost (Spring, 2008)
E2-4 Cost versus Equity Reporting Differential = $70,000 20%(200,000) = 30,000 Net assets 30,000 / 10yrs = $3,000 per yr. a. Cost-method journal entries recorded by Roller Corporation: 20X5 Investment in Steam Company Stock 70,000 Cash 70,000 Record...
Oklahoma State >> ACCT >> cost (Spring, 2008)
93 1. MPV = (AP SP)AQ MPV = ($0.055 $0.060)855,000 = $4,275 F MUV = (AQ SQ)SP MUV = (855,000 825,000)$0.060 = $1,800 U AP AQ $0.055 855,000 $4,275 F Price Variance 2. LRV = (AR SR)AH LRV = ($2.25 $2.00)7,800 = $1,950 U LEV = (AH SH)SR LEV = ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E2-19 Equity Entries with Positive and Negative Goodwill a. Journal entries recorded following purchase for $175,000: $175,000 - 40%(100,000+30,000+170,000) = $55,000 Inventory B&E Goodwill Book Value 120,000 150,000 Fair Value 130,000 240,000 40% of...
3-6
Oklahoma State >> ACCT >> cost (Spring, 2008)
E3-6 Balance Sheet Consolidation with Intercompany Transfer a. b. c. d. $645,000 = $510,000 + $135,000 $845,000 = $510,000 + $350,000 - $15,000 $655,000 = ($320,000 + $135,000) + $215,000 - $15,000 $190,000 (as reported by Potter Company) ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
125 1. A process is a collection of activities with a common objective. The common objective of procurement is to supply bought and paid for materials to operations (e.g., the manufacturing process). The common objective of purchasing is to produce a...
Oklahoma State >> ACCT >> cost (Spring, 2008)
134 a. b. c. d. e. f. g. h. i. j. k. l. Customer, Nonfinancial, Subjective, External Process (postsales), Nonfinancial, Objective, External Financial, Financial, Objective, External Financial, Financial, Objective, External Learning and growth, Nonfi...
Oklahoma State >> ACCT >> cost (Spring, 2008)
112 1. The bank\'s strategic position is defined by elements of all three general strategies. Broadening the market and selecting customer segments are focusing strategies. Offering special services to selected customer segments is both focusing and d...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E18-11 Multiple-Choice Questions on Government-wide Financial Statements 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. c a b c c d c b c b For the amount of the bond issue proceeds. Note that no repayments of debt were made during the year. The interest adjustment ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P1-37 Business Combination $55 * 9000 = $495,000 Differential =495,000 100%(100,000+150,000-71,200) = 316,200 BV Allowance 600 Inventory 78,500 P&E net 226,000 Goodwill Total FMV 1400 35,000 500,000 Differential (800) (43,500) 274,000 86,500 316,200 ...
Oklahoma State >> ACCT >> consol (Spring, 2006)
P1-31 Business Combination with Goodwill a. Journal entry to record acquisition of Zink Company net assets: Cash Accounts Receivable Inventory Patents Buildings and Equipment Goodwill Accounts Payable Notes Payable Cash b. Balance sheet immediately f...
Oklahoma State >> ACCT >> cost (Spring, 2008)
64 1. Physical flow schedule: Units, beginning WIP . 0 Units completed . Units started 370,000Units, ending WIP . Units to account for 370,000Units accounted for.. 2. (a) Direct Materials (b) Conversion Costs Completed 350,000 350,000 Ending WIP: (20...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P7-28 Consolidation Workpaper 1/1/05 291,200 - .70 (380,000) = 25,200 Land Goodwill 14,000 70% 9,800 15,400 25,200 Inventory sales: BIP = 30,000 62,000 37,000 C -W -EIP= 62,000 - 37,000 = 25,000 54,000 90,000 - C -W BIP = 15,000 EIP= 90,000-54...
Oklahoma State >> ACCT >> cost (Spring, 2008)
144 1. Internal failure 2. Prevention 3. Internal failure 4. 5. 6. 7. 8. 9. 10. 11. 12. External failure External failure External failure Prevention Internal failure Appraisal Internal failure External failure Appraisal 13. Prevention 14. Prevention...
Oklahoma State >> ACCT >> cost (Spring, 2008)
47 Activity Dictionary: Credit Card Department Activity Name Supervising employees Activity Description Scheduling, coordinating, and performance evaluation Activity Type Secondary Cost Object(s) Activities within department Credit cards Credit cards...
Oklahoma State >> ACCT >> cost (Spring, 2008)
. Pack/freeze ($9 0.5) . Total cost . Markup (20%) . Bid price . 2. 20.00 4.50 $ 40.50 8.10 $ 48.60 No, the direct method did not produce a winning bid. The direct method fails to consider the interrelationships of the support centers and, as a co...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E19-6 Entries for Voluntary Health and Welfare Organizations a. 1. Journal entries. Pledges Receivable Allowance for Uncollectible Pledges Contributions Unrestricted Contributions Temporarily Restricted Grants Receivable Contributions Temporarily ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
Example of Differential Allocation, Equity method entries, Elimination entries Earth Corporation paid $1,680,000 for a 30% interest in Tremor Corporation\'s outstanding common stock on January 1, 20x4. The book values and fair values of Tremor\'s net a...
Oklahoma State >> ACCT >> cost (Spring, 2008)
82 1. Galvin Company Sales Budget (in thousands) Quarter 1 Road warrior: Units . Unit price . Sales . Prepster: Units . Unit price . Sales . Total sales . 2. Quarter 2 Quarter 3 Quarter 4 Year 77,000 $50 3,850,000 $ 15,000 16,500 20,000 25,500 $50...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E3-21* Valuation of Assets under Alternative Accounting Theories a. Entity theory: Book Value Fair Value Increase ($240,000 x 1.00) ($50,000 x 1.00) $240,000 50,000 $290,000 b. Parent company theory: Book Value Fair Value Increase ($240,000 x 1.00)...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P19-13 Entries and Statements for General Fund of a Hospital a. Journal entries: 1. 2. 3. Accounts Receivable Patient Services Revenue Contractual Adjustments Accounts Receivable Nursing Services Other Professional Services Fiscal Services General Se...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E19-9 Statement of Activities for an Other Nonprofit Organization Pleasant School Statement of Activities Unrestricted Operating Fund Only Year Ended June 30, 20X2 Operating Funds Unrestricted Support and revenue: Tuition and fees Contributions Auxi...
Oklahoma State >> ACCT >> consol (Spring, 2006)
P1-29 Journal Entries to Record a Business Combination Journal entries to record acquisition of TKK net assets under purchase treatment: (1) Deferred Merger Costs Cash Record payment of legal fees. (2) Deferred Stock Issue Costs Cash Record costs of ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P18-18 a. Capital Projects Fund Entries and Statements Journal entries: 1. CPF Cash Other Financing Source_Bond Issue Proceeds Other Financing Use_Transfer Out to Debt Service Fund Cash DSF Cash Other Financing Source_Transfer In from Capital Proje...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P18-19 Recording Entries in Various Funds [AICPA Adapted] 1. Entries made in the capital projects fund for 20X8: Cash Other Financing Sources Bond Issue Issued $800,000 of bonds at their face value. ENCUMBRANCES BUDGETARY FUND BALANCE RESERVED FOR ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P2-27 Computation of Account Balances Allocation of purchase differential: $150,000 40% (200,000 + 40,000 + 80,000) = $22,000 Building & Equip Goodwill Difference 35,000 40% of Difference 14,000 8,000 22,000 life 5 2,800 a. Easy Chair Company 20X1...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P2-32 Complex Differential a. Essex Company 20X2 equity-method income: $165,000 30% (150,000 +20,000 + 250,000) = 39,000 BV 120,000 50,000 260,000 FMV 150,000 65,000 320,000 25,000 30% 9,000 4,500 18,000 7,500 39,000 life fifo 12 10 Amort. 9,000 1,5...
Oklahoma State >> ACCT >> cost (Spring, 2008)
165 1. Hender Chemicals Environmental Cost Report For the Year Ended December 31, 2007 Percentage* 120,000 75,000 $ Environmental Costs Prevention costs: Evaluating suppliers . $ Recycling products . Detection costs: Inspecting products/processes ....
Oklahoma State >> ACCT >> cost (Spring, 2008)
22 1. a. b. c. d. e. f. 2. Interrelated parts: Processes: Objectives: Inputs: Outputs: User actions: Cost accounting personnel, computer, printer Cost assignment: direct materials, direct labor, and overhead Costing out of products Direct materials, ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
31 Activity a. Machining b. Assembling c. Selling goods d. Selling goods e. Moving goods f. Storing goods g. Moving materials h. X-raying patients i. Transporting clients j. Repairing teeth k. Setting up equipment l. Filing claims m. Maintaining equi...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E18-7 Debt Service Fund Entries and Statement a. Entries for debt service fund during 20X1: 1. ESTIMATED REVENUES CONTROL ESTIMATED OTHER FINANCING SOURCE TRANSFER IN APPROPRIATIONS CONTROL BUDGETARY FUND BALANCE UNRESERVED Record budget. Property ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E19-2 Multiple-Choice Questions on Hospital Accounting [AICPA Adapted] 1. a Net patient service revenue represents total billings less contractual adjustments. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. c d a d a d c d a b d ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E17-4 Multiple-Choice Questions on the General Fund 1. 2. 3. b d c The balances in the ENCUMBRANCES CONTROL and the FUND BALANCERESERVED FOR ENCUMBRANCES accounts are the same. Therefore, an excess of one account over the other indicates a recording ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P1-38 Combined Balance Sheet Issue 700 shares: 700 x $300 = $210,000 100% (20,000+5,000+135,000) = $50,000 Inventory Land P&E net Goodwill Book value 30,000 10,000 120,000 Fair value 42,000 15,000 140,000 Difference 12,000 5,000 20,000 13,000 50,000...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P18-12 a. Capital Projects Fund Entries and Balance Sheet [AICPA Adapted] Entries to record transactions: July 1, 20X6: Cash Due to General Fund Record cash borrowed from the general fund. July 9, 20X6: Expenditures Vouchers Payable Record invoice ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P2-33 Equity Entries with Differential 6,000 x $35 = $210,000 $210,000 45% (150,000 +60,000) = 115,500 BV 70,000 120,000 FMV 80,000 150,000 45% 4,500 13,500 97,500 115,500 life 10 Amort. 1,350 Land B&E (net) Goodwill Total a. Journal entry recorde...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P17-14 General Fund Entries [AICPA Adapted] 1. ESTIMATED REVENUES CONTROL APPROPRIATIONS CONTROL BUDGETARY FUND BALANCE UNRESERVED Record the budget. Taxes Receivable Allowance for Uncollectible Taxes Revenue from Taxes Record tax levy. Cash Taxes R...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P17-13 General Fund Entries [AICPA Adapted] (1) ESTIMATED REVENUES CONTROL 2,000,000 APPROPRIATIONS CONTROL BUDGETARY FUND BALANCE UNRESERVED Record the budget. Taxes Receivable Allowance for Uncollectible Taxes Property Tax Revenue Record the prope...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E17-3 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. c d c a b c d b c d Multiple-Choice Questions on Budgets, Expenditures, and Revenue [AICPA Adapted] ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P8-28 Comprehensive Problem: Intercorporate Transfers 12/31/x5 1,150,000 90% (500,000+280,000+420,000) = 70,000 Land Goodwill 30,000 40,000 70,000 Bonds: Berry (P)= Issuer 4/1/x6 Bonds Payable 200,000 Bussman(S)=Purchaser Inv in Bonds 200,000 I...
Oklahoma State >> ACCT >> cost (Spring, 2008)
EXAMPLE Assume that P owns 90% of S. On 1/1/x1 S had issued $500,000 worth of 10%, 10 year bonds for $450,000. On 1/1/x7 P purchased $100,000 of these bonds for $110,000. Interest is paid semi-annually on July 1 and January 1. S\'s reported net income...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E19-1 1. 2. 3. 4. 5. 6. a c a c d b Multiple-Choice Questions on Colleges and Universities [AICPA Adapted] $7,500,000 assets - $4,500,000 liabilities $550,000 unrestricted + $330,000 of restricted $200,000 for fair value of donated services. Travel...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E18-6 Capital Projects Fund Entries a. Entries to record receipt of grant and bond sale: Cash Revenue County Grant Cash Other Financing Source Bond Issue Other Financing Source Bond Premium Other Financing Use Transfer Out to Debt Service Fund Ca...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P17-22 Journal entries for the General Fund 1. ESTIMATED REVENUES CONTROL APPROPRIATIONS CONTROL ESTIMATED OTHER FINANCING USES TRANSFER OUT TO DEBT SERVICE BUDGETARY FUND BALANCE UNRESTRICTED Fund Balance Reserved for Encumbrances Fund Balance R...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E17-10 Closing Entries and Balance Sheet a. Closing entries for the general fund: (1) APPROPRIATIONS CONTROL ESTIMATED OTHER FINANCING USE TRANSFER OUT BUDGETARY FUND BALANCE UNRESERVED ESTIMATED REVENUES CONTROL Close budgetary accounts. BUDGETARY...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P8-26 Intercorporate Bond Holdings and Other Transfers Building P-S 12/31/x7 12/31/x7 Cost A/D BV Selling price Gain 125,000 75,000 50,000 65,000 15,000 25 10 10 5,000 6,500 Acc Depre is: 0 should be 75,000 Land P<-S 7/1/x6 Cost Selling price Gain...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E19-3 Entries for a Hospital\'s Unrestricted (General) Fund a. Journal entries for the general fund. 1. 2. Accounts Receivable Patient Services Revenue Nursing Services Expense Other Professional Services Fiscal Services Expense General Services Expen...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E19-8 1. 2. 3. a a b Multiple-Choice Questions on Other Nonprofit Organizations [AICPA Adapted] Note: Gains on endowment investments are considered principle unless otherwise stated. 4. 5. 6. 7. d c d c Note: Board designations are internal; ther...
Oklahoma State >> ACCT >> cost (Spring, 2008)
EXAMPLE Assume that P owns 90% of S. On 1/1/x1 S sells equipment to P for $60,000. S had purchased this equipment five years ago at a cost of $80,000. The original estimated life was 10 years. P expects to use the equipment for four more years. S\'s r...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P17-15 General Fund Closing Entries and Statements a. Adjusting entries: (1) Inventory of Supplies Expenditures Establish ending inventory of supplies. Fund Balance Unreserved Fund Balance Reserved for Inventories Reserve fund balance for supplies ...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P8-25 Intercorporate Transfers of Inventory and Equipment BIP 59,000-44,000=15,000 L - A 60,000 L-A EIP = 27/60 x 20,000 = 9,000 BONDS: A=Sub =Issuer Entire 1/1/x4 Bonds payable 200,000 Premium 4% 8,000 Amort: 8,000/10 800 12/31/x5 Balance 8x800 6...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P8-23 Consolidation Workpaper - Year of Retirement Bonds: Issuer=S 12/21/x3 Entire Bonds 200,000 Payable 12/21/x3 Premium 28,000 Bonds Payable = 57,000 Bond Investment= 50,000 Constr. Gain 7,000 Interco 50,000 7,000 Purchaser=P 12/21/x3 Investment in...
Oklahoma State >> ACCT >> cost (Spring, 2008)
E8-10 Loss on Constructive Retirement Issuer = P 1/1/x2 1/1/x8 Inter co Bonds payable 100,000 Discount (50,000 x 4/10) (4,000) Amort 1,000 12/31/x8 Balance (3,000) Interest expense: 10,000 +1,000=11,000 1/1/x8 Loss: Bonds Payable (net ) of 96,000 r...
8-9
Oklahoma State >> ACCT >> cost (Spring, 2008)
8-9 NOTE: I added to this problem in order to get more out of it. BONDS: Parent=Issuer Entire Interco Bonds Payable 1,000,000 300,000 1/1/x1 Discount 30,000 1/1/x8 Discount* 19,500 5,850 Amort (30,000/20yr) 1,500 450 12/31/x8 Discount 18,000 5,400 12...
Oklahoma State >> ACCT >> cost (Spring, 2008)
P7-30 Intercompany Transfer of Inventory and Land 1/1/02 94,000 - .70 (80,000 + 20,000) = 24,000 70% Bdlg & Eq 20,000 14,000 Patents 10,000 24,000 1/1/03 24,000-3400) = 20,600 12/31/02 LAST YEAR 48,000 32,000 H -B -EIP= 16,000 10 5 1,400 2,000 Dur...
UMass Dartmouth >> EGR >> 101 (Spring, 2008)
Force, stress and strain Mass in kilograms, kg often called weight Produces, in gravity, Force in Newtons. 1kg produces a force of 9.8 Newtons A force pulling (or pushing) on a rod of a cross-sectional area A Produces a stress, measured in Pascals (...
Oklahoma State >> ACCT >> cost (Spring, 2008)
7-27 Consolidation following Inventory Transactions Differential: 1/1/01 83,000 - .60 (100,000+20,000) = 11,000 all to Land Last year: 42,500 25,500 B -T -EIP= 42,500-25,500 = 17,000 x 20% = 3,400 This year: BIP = 3,400 35,000 21,000 B -T -EIP= 35,...
Oklahoma State >> ACCT >> cost (Spring, 2008)
7-23 Eliminations for Upstream Sales BIP= 60,000 40,000 = 20,000 150,000 100,000 C - S -EI = 45,000 EIP=15,000 (45,000x 50,000/150,000) Gross Profit %= GP/Sales = 50/150 = 33.3% Equity method entries: Investment in S 32,000 Income from S Net incom...
What are you waiting for?
View This Document For FREE!