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Oriole Company issued $495,000, 9%, 30-year bonds on January 1, 2017, at 103. In

Oriole Company issued $495,000, 9%, 30-year bonds on January 1, 2017, at 103. Interest is payable annually on January 1. Oriole uses straight-line amortization for bond premium or…

Oriole Company lost most of its inventory in a fire in December just before the

Oriole Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disclose the following. Inventory (beginni…

Oriole Company made the following journal entry in late 2018 for rent on propert

Oriole Company made the following journal entry in late 2018 for rent on property it leases to Danford Corporation. Cash 153000 Unearned Rent Revenue 153000 The payment r…

Oriole Company manufactures equipment. Oriole’s products range from simple autom

Oriole Company manufactures equipment. Oriole’s products range from simple automated machinery to complex systems containing numerous components. Unit selling prices range from $2…

Oriole Company sells prefabricated pools that cost $71000 to customers for $1220

Oriole Company sells prefabricated pools that cost $71000 to customers for $122085. The sales price includes an installation fee, which is valued at $17800. The fair value of the …

Oriole Company uses a perpetual inventory system. Its beginning inventory consis

Oriole Company uses a perpetual inventory system. Its beginning inventory consists of 98 units that cost $66 each. During June, (1) the company purchased 293 units at $66 each, (2…

Oriole Company, a machinery dealer, leased a machine to Dexter Corporation on Ja

Oriole Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2017. The lease is for an 8-year period and requires equal annual payments of $31,144 at t…

Oriole Construction Company had a contract starting April 2018, to construct a $

Oriole Construction Company had a contract starting April 2018, to construct a $23100000 building that is expected to be completed in September 2020, at an estimated cost of $2110…

Oriole Construction Company has entered into a contract beginning January 1, 201

Oriole Construction Company has entered into a contract beginning January 1, 2017, to build a parking complex. It has been estimated that the complex will cost $606,000 and will t…

Oriole Corp is considering a major reorganization to reduce costs. The reorganiz

Oriole Corp is considering a major reorganization to reduce costs. The reorganization will do two things: 1. Reduce labor (Variable Costs) by 20% 2. Increase fixed costs (MOH) by …

Oriole Corp. issues 2200 shares of $10 par value common stock at $17 per share.

Oriole Corp. issues 2200 shares of $10 par value common stock at $17 per share. When the transaction is recorded, credits are made to A. Common Stock $22000 and Retained Earnings …

Oriole Corp. was a 30% owner of Waterway Company, holding 216,000 shares of Wate

Oriole Corp. was a 30% owner of Waterway Company, holding 216,000 shares of Waterway’s common stock on December 31, 2016. The investment account had the following entries. Investm…

Oriole Corporation acquired two inventory items at a lump-sum cost of $87000. Th

Oriole Corporation acquired two inventory items at a lump-sum cost of $87000. The acquisition included 2730 units of product CF, and 5460units of product 3B. CF normally sells for…

Oriole Corporation has 8,400 shares of $100 par value, 9%, preferred stock and 4

Oriole Corporation has 8,400 shares of $100 par value, 9%, preferred stock and 48,200 shares of $10 par value common stock outstanding at December 31, 2017. Answer the questions i…

Oriole Corporation operates a retail computer store. To improve delivery service

Oriole Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2017. The terms of acquisition fo…

Oriole Corporation recently announced a bonus plan to reward the manager of its

Oriole Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance measure wil…

Oriole Factory provides a 2-year warranty with one of its products which was fir

Oriole Factory provides a 2-year warranty with one of its products which was first sold in 2017. Oriole sold $988,300 of products subject to the warranty. Oriole expects $113,090 …

Oriole Flower Cart incurred the following monthly costs. Using the form y = mx +

Oriole Flower Cart incurred the following monthly costs. Using the form y = mx + b, estimate the cost formula for each cost incurred by Oriole Flower Cart. (Round unit cost to 2 d…

Oriole Inc. had net income for the current year ending December 31, 2017 of $919

Oriole Inc. had net income for the current year ending December 31, 2017 of $919,840. During the entire year, there were 509,000 common shares outstanding. The company had two cla…

Oriole Inc. has outstanding 13,500 shares of $10 par value common stock. On July

Oriole Inc. has outstanding 13,500 shares of $10 par value common stock. On July 1, 2017, Oriole reacquired 103 shares at $87 per share. On September 1, Oriole reissued 61 shares …

Oriole Industries purchased the following assets and constructed a building as w

Oriole Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a lu…

Oriole Limited exchanged equipment that it uses in its manufacturing operations

Oriole Limited exchanged equipment that it uses in its manufacturing operations for similar equipment that is used in the operations of Cheyenne Limited. Oriole also paid Cheyenne…

Oriole Ltd. purchased a new machine on April 4, 2014, at a cost of $168,000. The

Oriole Ltd. purchased a new machine on April 4, 2014, at a cost of $168,000. The company estimated that the machine would have a residual value of $18,000. The machine is expected…

Oriole Medical manufactures hospital beds and other institutional furniture. The

Oriole Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income statement for 2015 and 2016 follow. Calculate the f…

Oriole Monograms sells stadium blankets that have been monogrammed with high sch

Oriole Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $47 throughout the country to loyal alumni of o…

Oriole Packaging Company is a leading manufacturer of cardboard boxes and other

Oriole Packaging Company is a leading manufacturer of cardboard boxes and other product packaging solutions. One of the company’s major product lines is custom-printed cake boxes …

Oriole Supply Ltd. is a newly formed public corporation that incurred the follow

Oriole Supply Ltd. is a newly formed public corporation that incurred the following costs related to land, buildings, and machinery: (a) Determine the amounts that should be inclu…

Oriole Willis is the advertising manager for Bargain Shoe Store. She is currentl

Oriole Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting sys…

Oriole, Inc. had net sales in 2017 of $1,465,800. At December 31, 2017, before a

Oriole, Inc. had net sales in 2017 of $1,465,800. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $337,800 debit, and Al…

Oriole, Inc. had pre-tax accounting income of $1800000 and a tax rate of 30% in

Oriole, Inc. had pre-tax accounting income of $1800000 and a tax rate of 30% in 2018, its first year of operations. During 2018 the company had the following transactions: Receive…

Oriole, Inc. is a furniture manufacturing company with 50 employees. Recently, a

Oriole, Inc. is a furniture manufacturing company with 50 employees. Recently, after a long negotiation with the local labor union, the company decided to initiate a pension plan …

Oriole, Inc. manufactures ergonomically designed computer furniture. Oriole uses

Oriole, Inc. manufactures ergonomically designed computer furniture. Oriole uses a job order costing system. On November 30, the Work in Process Inventory consisted of the followi…

Orioles Co. began March with no work in process in its first department. During

Orioles Co. began March with no work in process in its first department. During March, the following production costs were incurred in this department: Direct Materials- $456,280 …

Orion Company sells several products. Information of average revenue and costs i

Orion Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $23 Variable…