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Questions -
Q1. ABC Company is interested in buying a piece of equipment for $150,000. The average useful life of the equipment is anticipated to be five years, with projected annual cash flow of $22,000. Calculate the net present value of the equipment at 8%. Assume no salvage value.
Q2. The department you manage would like to buy a piece of equipment for $20,000 with projected cash flows of $4,500 per year over the eight-year useful life. Calculate the net present value at 10%. Assume no salvage value.
For each of the transactions, prepare journal entries. Be sure to categorize each account as an asset (A), liability (L), stockholders' equity (SE), revenue (R), or expense (E).
Carl transfers land to Cardinal Corporation for 90% of the stock in Cardinal Corporation worth $20,000 plus a note payable to Carl in the amount of $40,000 and the assumption by Cardinal Corporation of a mortgage on the land in the amount of $100,..
Briefly discuss how the revenue recognition principle relates to the definitions of assets and liabilities. What is the importance of control
the city of gunnison awarded a 5000000 road-construction contract to the fast builders construction company.
Olympic Enterprises had the following inventory data
On the first day of the fiscal year, a company issues a $1,200,000, 9%, 5 year bond that pays semi-annual interest of %54,000, Journalize the bond issuance
mcgraw company uses5000 units of part x each year as a component in the assembly ofone of its products. the company is
Required - Find the dollar amount that Alpha will report on its fiscal year 2018 Balance Sheet for Paid in Capital Treasury Stock
Prepare contribution format segmented income statements, first showing the total company broken down between sales territories
Which economic theory believes in government intervention in the economy? How would classical economists deal with unemployment?
Mayaguez Corporation provides its officers with bonuses based on net income. For 2010, the bonuses total $350,000 and are paid on February 15, 2011.
kareem bought a rental house in october 2006 for 250000 of which 50000 is allocated to the land and 200000 to the
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