Browse P

Pearl Company has the following production information for October: 45,000 units

Pearl Company has the following production information for October: 45,000 units transferred out and 14,000 units in ending work in process that are 100 percent complete for mater…

Pearl Company has the following production information for October: 60,000 units

Pearl Company has the following production information for October: 60,000 units transferred out and 20,000 units in ending work in process that are 100 percent complete for mater…

Pearl Company reported the following amounts in the stockholders’ equity section

Pearl Company reported the following amounts in the stockholders’ equity section of its December 31, 2016, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, …

Pearl Company sponsors a defined benefit pension plan. The corporation’s actuary

Pearl Company sponsors a defined benefit pension plan. The corporation’s actuary provides the following information about the plan. (a) Compute the actual return on the plan asset…

Pearl Company uses the LCNRV method, on an individual-item basis, in pricing its

Pearl Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products D, E, F, G, H, and I. Re…

Pearl Corp. is expected to have an EBIT of $2,800,000 next year. Depreciation, t

Pearl Corp. is expected to have an EBIT of $2,800,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $160,000, $125,000, and…

Pearl Corp. purchased machinery for $321,300 on May 1, 2017. It is estimated tha

Pearl Corp. purchased machinery for $321,300 on May 1, 2017. It is estimated that it will have a useful life of 10 years, salvage value of $15,300, production of 244,800 units, an…

Pearl Corp. sells a snowboard, EZslide, that is popular with snowboard enthusias

Pearl Corp. sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Pearl Corp.'s purchases of EZslide snowboards during September…

Pearl Corporation is a midsize, privately owned, industrial instrument manufactu

Pearl Corporation is a midsize, privately owned, industrial instrument manufacturer supplying precision equipment to manufacturers in the Midwest. The corporation is 10 years old …

Pearl Corporation issued $630,000 of 9% bonds on November 1, 2017, for $672,812.

Pearl Corporation issued $630,000 of 9% bonds on November 1, 2017, for $672,812. The bonds were dated November 1, 2017, and mature in 10 years, with interest payable each May 1 an…

Pearl Corporation issued a 4-year, $34,000, 4% note to Greenbush Company on Janu

Pearl Corporation issued a 4-year, $34,000, 4% note to Greenbush Company on January 1, 2017, and received a computer that normally sells for $27,533. The note requires annual inte…

Pearl Corporation owns machinery that cost $24,400 when purchased on July 1, 201

Pearl Corporation owns machinery that cost $24,400 when purchased on July 1, 2014. Depreciation has been recorded at a rate of $2,928 per year, resulting in a balance in accumulat…

Pearl Corporation paid $150,000 on January 1, 2013 for a 25% interest in Sandlin

Pearl Corporation paid $150,000 on January 1, 2013 for a 25% interest in Sandlin Inc. On January 1, 2013, the book value of Sandlin's stockholders' equity consisted of $200,000 of…

Pearl Corporation purchased a new machine for its assembly process on August 1,

Pearl Corporation purchased a new machine for its assembly process on August 1, 2017. The cost of this machine was $155,628. The company estimated that the machine would have a sa…

Pearl Corporation’s accumulated depreciation—furniture account increased by $9,3

Pearl Corporation’s accumulated depreciation—furniture account increased by $9,310, while $3,570 of patent amortization was recognized between balance sheet dates. There were no p…

Pearl Corporation’s post-closing trial balance at December 31, 2017, is shown as

Pearl Corporation’s post-closing trial balance at December 31, 2017, is shown as follows. PEARL CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr. Cr. At December 31, 20…

Pearl Home Improvement Company installs replacement siding, windows, and louvere

Pearl Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes. The company is in the process of p…

Pearl Inc evaluation of the request, the board of directors has decided to raise

Pearl Inc evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,205,500 of uction of a new plant to meet the increasing 1, 2…

Pearl Inc. uses a perpetual inventory system. At January 1, 2017, inventory was

Pearl Inc. uses a perpetual inventory system. At January 1, 2017, inventory was $215,557,300 at both cost and realizable value. At December 31, 2017, the inventory was $283,513,70…

Pearl Portillo V 08: 84.3 and 84.4 7 of 21 (19 complete) HW Scor weights of vari

Pearl Portillo V 08: 84.3 and 84.4 7 of 21 (19 complete) HW Scor weights of variousData Table 008 model year. For th 089. A twelfth car mination of the exp twelfth car influen car…