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Discussion 1
Discussion 2
Payments by a cash basis taxpayer of capital expenditures: a) must be expensed at the time of payment b) must be expensed by the end of the first year after the asset is acquired
Which of the following items would be classified as operating revenue or expense on an income statement of a manufacturing firm?
Suppose the company changed its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywine's net income, total profit margin, and cash flow?
castine reports net income of 305000 for the year ended december 31 year 2. it also reports 93700 depreciation expense
equipment transaction and cash flow reporting dec. 31 19x4 dec. 31 19x3 land 94000 94000 equipment 652000 527000 less
Heritage company receives a 4-year, $20,000 note receivable on July 1, 2010 that does not bear interest. Interest on similar notes is 10%. Assuming that the present value of the note is $14,000 on July 1, 2010, the amount of interest that will be ..
Course project notes to the financial statement - develop notes to the financial statements. Develop a Course Project having to do with writing notes for a fictitious annual report.
on the first day of the current fiscal year 2000000 of 10 year 7 bonds with interest payable annually were sold for
uncle john promised tom come and take care of me and i will leave you the farm when i die. tom took care of uncle john
during its first year correia merchandising had sales of 350000 a cost of goods sold of 180000 and operating expenses
Manufacturing costs consisited of direct labor,$30000,direct materials $32000,varible manufaacturing overhead,$3500,fixed manufactring overhead $21500.Selling and administrative costs are all fixed and totaled $24000.Beginning inventory consists o..
one of eastvacos business segments involves the manufacturing of laser printers. each printer sells for 400. the profit
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