Required
a) Prepare journal entries to record these transactions
b) Prepare the stockholders equity section of Kraft's balance sheet as it would
appear on August 31, 2019. Net income for July was zero and August was Rs.
11.500
Blue is the controller at the Acme Shoe Company, a large manufacturing company 25
o 4 located in Franklin, Pennsylvania Acme has many divisions, and the performance of
cach division las typically been evaluated using a return on investment (ROI)
Torida. The return on investment is calculated by dividing profit by the book value
of total asset
In a meeting yesterday with Bob Buru, the company president, Blue warned that this
return on investment measure might not be accurately relecting how well the
divisions are doing. Blue is concerned that by using profits and the book value of
assets, division managers might be engaging in some short-term finagling to show the
dome naked what other numbers they could use
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