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Cominsky Company purchased a machine on July 1, 2013, for $28,000. Cominsky paid $200 in title fees and county property tax of $125 on the machine. In addition, Cominsky paid $500 shipping charges for delivery, and $475 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3,000. Determine the depreciation base of Cominsky"s new machine. Cominsky uses straight-line depreciation.
Why are noncash transactions, such as the exchange of common stock for a building, included on a statement of cash flows? How are these noncash transactions disclosed?
conduct research to locate the mdampa information in a report for smith manufacturing. the research should include the
1. does your support department give significant support to other support departments and does it receive important
Explain what zero-based budgeting is and how it can improve theefficiency of the organization? Zero-based budgeting is the process in which managers can plan an educated guess of his or her projected expenses for a precise time period as if the p..
How the absorptive method will not only impact the reported profits of the year that just ended but will also have an impact on the reported profits of the upcoming year.
Fill in the income statement for GlaxoSmithKline (UK)and Balance sheet in Appendex A for 2011 and 2010. Take the numbers from their corporate website ONLY and then take the rate of USD and convert the numbers from Pounds to USD.
1 differentiate between the accounting provisions for revenue recognition for patient revenue and bad debts for
Midwest Corp completed the following transactions in 2012, the first year of operation.
Define the concept ‘operating costing'. Mention at least ten activities where operating costing is applicable.
Determine the cost of the inventory on December 31, 2010, by the last-in, first-out method, following the procedures indicated in (1).
albers company acquires an 80 interest in barkercompany on january 1 2011 for 850000. the following determination and
Develop an auditor report attesting to management's assertions regarding the effectiveness of internal controls and recognize situations that present potential ethical and legal issues and develop solutions for those issues.
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