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1. Fielder Company obtained land by issuing 2,000 shares of its $10 par value common stock. The land was recently appraised at $85,000. The common stock is actively traded at $40 per share. Prepare the journal entry to record the acquisition of the land.
Fulfil all required journal entries for each of the long-term activities, which took place during 20x7. Keep in mind to account for the appropriate depreciation expense for the year on any of the long-term assets.
john owns 30 of outstanding stock of wally and has the ability to significanlty influence the investees operations and
You are preparing taxes for Tim, a business investor, and must calculate his adjusted gross income. Tim invested $10,000 in a business (only slightly less than the other investors) but is claiming a loss of $24,000.
on january 1 2011 dean corporation signed a ten-year noncancelable lease for certain machinery. the terms of the lease
Consider the following two queueing systems. System 1: An MM1 system with arrival rate and service rate 3µ
The acquisition, what amounts in the Equipment account appear on Hooker's separate balance sheet and on the consolidated balancesheet?
Income taxes are not considered in this problem. What is the net present value of the investment assuming the required rate of return is 10 percent? Would the company want to purchase the new machine?
at january in 2005 wessex inc. had 50 employees. each employee earned 10 days of vacation pay. the actual rate for
would the cost of telephone operators for a toll-free hotline to help customers operate products be product costs or
fothergill company makes 40000 units per year of a part it uses in the products it manufactures. the unit product cost
westerville company reported the following results from last years
lund products inc. uses a predetermined overhead rate in its production assembly and testing departments. one rate is
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