Chapter 17, Problem 32P

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BH Company began the year with stockholders' equity of $320,000. During the year, the company recorded revenues of $460,000 and expenses of $310,000, and paid dividends of $30,000. What was Blue Horizon's stockholders' equity at the end of the year? Help

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The following is a partially completed departmental expense allocation spreadsheet for Everton Manufacturing. It reports the total amounts of direct and indirect expenses for its four departments. Maintenance department expenses are allocated based on square footage. • Maintenance Department Expense: $35,600 Total Square Footage: ° Machining: 5,200 sq. ft. Assembly: 2,800 sq. ft. Compute the amount of Maintenance department expense allocated to the Machining department.

Variable overhead cost is calculate to be

What is the net income?