Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Irina Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order.
Debits
1
Cost of real estate purchased as a plant site (land $255,000 and
building $25,000)
$ 280,000
2
Installation cost of fences around property
6,800
3
Cost of demolishing building to make land suitable for
construction of new building
31,000
4
Excavation costs for new building
23,000
5
Accrued real estate taxes paid at time of purchase of real estate
3,170
6
Cost of parking lots and driveways
29,000
7
Architect"s fees on building plans
33,000
8
Real estate taxes paid for the current year on land
6,400
9
Full payment to building contractor
6,40,000
$1,052,370
Credits
10
Proceeds from salvage of demolished building
$ 12,000
Instructions
Analyze the transactions using the following table column headings. Enter the number of each transaction in the Item column, and enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title.
Matthew was a participant in his employer's contributory qualified pension plan. The plan balance of $2 million is paid to Olivia, Matthew's daughter and beneficiary. The distribution consists of the following.
if a company purchased a tractor trailer for 98000. the company uses the units-of-activity method for depreciating its
Write an article
explain impairment of operational assets? how do we find out if an impairment exists? how do we compute the impairment
currently the unit selling price of a product is 300 the unit variable cost is 225 and the total fixed costs are
Assume a healthcare company sold bonds that have a ten-year maturity, a 12% coupon rate with annual payments, and a $1,000 par value.
oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the
Please determine the amount of dividends paid to common and preferred stock for each scenario presented above.
assume youve been recently hired as the financial analyst of company d ltd which was recently formed to manufacture the
explain the term accounting equation? suppose your company sold 12000 in merchandise to a customer for cash. how does
A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. Using effective-interest amortization, what will the carrying value of the ..
For tax year 2010, the partnership earned revenue of $500,000 and had operating expenses of $200,000. During the year, Wayne withdrew from the partnership a total of $64,000. He also invested an additional $20,000 in the partnership. For 2010, Way..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd