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1. Discuss the basic accounting problem that arises in handling each of the following situations.
(a) Assets purchased by issuance of capital stock.
(b) Acquisition of plant assets by gift or donation.
(c) Purchase of a plant asset subject to a cash discount.
(d) Assets purchased on a long-term credit basis.
(e) A group of assets acquired for a lump sum.
(f) An asset traded in or exchanged for another asset.
Prepare a lease amortization schedule and appropriate entries for Edison Leasing from the inception of the lease through January 1, 2012. Edison's fiscal year ends December 31.
What does each rate mean? Why do we, as CFO's, need to understand the implications of both the internal and sustainable rates of growth?
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a manufacturing company has a beginning finished goods inventory of 16200 raw material purchases of 19600 cost of goods
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