• Acc 422 E9-1 & E9-12
    E9-1 (Lower-of-Cost-or-Market) The inventory of Oheto Company on December 31, 2011, consists of the following items. Cost Cost to Total Total Lower Cost Part No. Qty Unit Replace Cost Replace or Replace 110 600 $95 $ 100 $ 57,000...
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  • E9-1 E9-12 E10-5 E10-12
    E9-1 | | | | (Lower of Cost or Market) The inventory of Oheto Company on December 31, 2011, consists of the following items.   | Part No. | Quantity | Cost per Unit | Cost to Replace per Unit |   | 110 |   | 600 |   | $95 |   | $100 |   |   | 111 |   | 1,000 |   | 60 |   | 52...
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  • Acc 422 Week 3 Wileyplus Assignment - Exercises
    go to this address to get the tutorial: http://homeworkfox.com/tutorials/business/506/acc-422-week-3-wileyplus-assignment-exercises/ ACC 422 Week 3 WileyPlus Assignment - Exercises Business - Accounting E9-1 (Lower-of-Cost-or-Market) The inventory of Oheto Company on December 31, 2011...
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  • student
    information has been extracted from inventory records: Year Ended December 31 Ending Inventory at Year-End Costs Cost Index (Relative to Base Year) 2010 $56,160 1.04 2011 $62,700 1.10 2012 $58,800 1.20 2013 $76,230 1.21 Required: Compute XYZ’s ending inventory for each of the...
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  • Apollo Shoe Case financials
    ) Net Accounts Receivable $ 15,148 Amount charged to bad debt expense for the year ended December 31, 2010 was $1,622,000. Writeoffs for the year were approximately the same. 4. Inventories Inventories consist of the following at December 31: in thousands 2010 Siren $3,098...
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  • Course Project, Notes to Consolidated Financial Statements
    cost or market. We base our cost on the average cost method. Repaired motorcycles have title and labor costs included in the basis of valuation. Inventories consisted of the following (in millions): December 31...
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  • Assigment
    regarding the accruals | | |and prepayment matters for the year ending 31 December 2011.Lai Yan Meng has been provided with the following information. | | |Balance sheet (extract) of related items as at 1 Jun 2011...
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  • Chapter 8 Valuation of Inventories
    . 30. 31. 32. 33. Valuation of Inventories: A Cost-Basis Approach 34. 8 - 11 Which of the following items should be included in a company's inventory at the balance sheet date? a. Goods in transit which were purchased f.o.b. destination. b. Goods received from another company for...
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  • AUDITING PROBLEMS - MOCK CPA BOARD
    following: 1. In relation to Item No. 1, which of the following is correct? a. The 2012 profit is overstated. b. The 2013 profit is overstated. c. The December 31, 2012 retained earnings is correctly stated. d. The December 31, 2013 retained earnings is correctly stated. 2. In relation to...
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  • Midterm Practice
    following error. No errors were corrected during 2010. A two-year insurance policy purchased on April 30, 2010, in the amount of $24,000 was debited to Prepaid Insurance. No adjustment was made on December 31, 2010, or on December 31, 2011. The 2011 financial statements have not been finalized at the...
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  • Intermediate Financial Accounting
    . $339,000. b. $321,000. c. $249,000. d. $231,000. 91. The following information was taken from the 2011 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2011 $ 90,000 Inventory, December 31, 2011 120,000 Accounts payable...
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  • Economic Risk
    these goods were still in the inventory of Kidman plc at 31 December 2011. The statements of financial position of the two companies as at 31 December 2011 were as follows: Continued on Next Page...
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  • hamse
    In Class #6.1 – Identify items in inventory Shippers Ltd. had the following inventory situations to consider at January 31, its year end: 1. 2. 3. 4. 5. 6. Goods held on consignment for Boxes Unlimited since December 22 Goods shipped on consignment to Rinehart Holdings Ltd. on January 5...
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  • Tootsie Roll Tax Form 2011
    appears on Page 28 of the 2011 Report. This section is incorporated herein by reference and filed as an exhibit to this report. The following table sets forth information about the shares of Common Stock the Company purchased on the open market during the fiscal quarter ended December 31, 2011...
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  • Student
    Accounts Receivable |$ 15,148 | Amount charged to bad debt expense for the year ended December 31, 2010 was $1,622,000. Writeoffs for the year were approximately the same. 4. Inventories Inventories consist of the following at December...
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  • 2012 Amazon Annual Report
    Acquired intangible assets, included within “Other assets” on our consolidated balance sheets, consist of the following (in millions): December 31, 2011 Weighted Acquired Acquired Acquired Acquired Average Life Intangibles, Accumulated Intangibles, Intangibles, Accumulated Intangibles, Remaining...
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  • Sample Case
    following financial statements: | | | RICE CORPORATION | | | | | | Balance Sheet | | | | | | At December 31, 2011 | | | | | | ($ in 000s) | | | | | | | | | Assets: | | | | | | Cash | | | | $ 275 | | Marketable securities | | | 78 | | Account...
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  • The Power of Invention
    rights of others, and could face civil or criminal liability for unlawful activities by our sellers. Item 1B. Unresolved Staff Comments None. 14 ________________________________________ Table of Contents Item 2. Properties As of December 31, 2011, we operated the following facilities...
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  • Accounting
    name as final accounts. Example At December 31, 2011 year end trial balance from the ledger of Window Store had the following transactions. Dr Cr Cash 2 400 Merchandise Inventory 61 152 Office supplies expense 438 Store equipment expense 1 410...
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  • Overstock
    8,033 6,042 20,070 (797) Accounts receivable, other Credit card receivables 14,075 (574) $ 19,273 $ 13,501 Accounts receivable, net 6. INVENTORIES Inventories consist of the following (in thousands): December 31, 2012 2011 Product inventory Inventory in-transit...
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