Based on the information concerning Snowflake Corp by what amount would Penguin increase depreciable assets when it consolidates Snowflake on the acquisition date?
a. $1,775,000
b. $475,000
c. $2,250,000
d. $375,000
D
($900,000 + 1,250,000) - ($900,000 + 875,000) = $375,000
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Hardigree Corporation uses a job-order costing system. Beginning balance in Work in Process$36,000(1)Raw materials purchased on account$207,000(2)Direct materials requisitioned for use in production$161,000(3)Indirect materials requisitioned for use in production$42,000(4)Direct labor wages incurred$87,000(5)Indirect labor wages incurred$101,000(6)Depreciation recorded on factory equipment$42,000(7)Additional manufacturing overhead costs incurred$57,000(8)Manufacturing overhead costs applied to jobs$219,000(9)Cost of jobs completed and transferred from Work inProcess to Finished Goods$403,000 The total amount of manufacturing overhead actually incurred was:
A. $219,000 B. $284,000 C. $242,000 D. $200,000
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the gross method of accounting for sales. On March 15, Babson returns some of the merchandise. The selling price of the merchandise is $600 and the cost of the merchandise returned is $350. Babson pays the invoice on March 20, and takes the appropriate discount. The amount that Klein receives from Babson on March 20 is:
A. $7,044. B. $7,644. C. $7,800. D. $7,056. E. $7,200.
Stock that is reacquired by the corporation that issued it is commonly called "boomerang" stock
Indicate whether the statement is true or false
In the 1990 case of Adams Fruit Co, Inc v. Barrett, the Supreme Court held that workers could bring suit for violations of specific federal legislation despite the fact that:? A) ?the employer has filed for bankruptcy protection
B) ?the employer was willing to provide reemployment to retrenched employees. C) ?the injury inflicted was not proven to be work-related. D) ?they had received benefits under the state workers' compensation law.