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Kruger Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% ownership) held as available-for-sale securities cost $108,000, fair value $115,000. (2) Common stock of Pickerill Inc. (30% ownership), cost $210,000, equity $260,000. Prepare the investments section of the balance sheet.
svetlana pace is the advertising manager for bargain shoe store. she is currently working on a major promotional
as prepaid expenses expire with the passage of time the correct adjusting entry will be a debit to an asset account
1. we are purchasing a house which costs 450000 and we are mortgaging 80. use bank rate.com not the chartsa.
What amount of bad debts expense will Hamilton Company report if it uses the direct write-off method of accounting for bad debts?
At the end of the current year, Accounts Receivable has a balanced of $800,000; Allowance for Doubtful accounts has a debit balance if $2000; and Net Sales for the year total $2,200,000. Bad debt expense is estimated at 1/2 of 1% of net sales. Pre..
ramona stolton and jerry bright are partners in a business they staarted two years ago. the partnership agreement
identify the job aspects educational requirements and preeminent accounting fields in which to work.determine at least
income statement for the year ended december 31 2011
rainbow cruises operates a week-long cruise tour through the hawaiian islands. passengers currently pay 1800 for a
stoner store uses the gross method to record purchase discounts and uses a perpetual inventory system. stoner engaged
Viva Inc. had bought machine X for $15,500 two years ago. The machine had no residual value and had an estimated useful life of 10 years. If the company uses the straight line depreciation method, calculate the current book value of the machine.
a company wishes to buy new equipment for 85000. the equipment is expected to generate an additional 35000 in cash
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