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1. Ottawa Corporation owns machinery that cost $20,000 when purchased on July 1, 2007. Depreciation has been recorded at a rate of $2,400 per year, resulting in a balance in accumulated depreciation of $8,400 at December 31, 2010. The machinery is sold on September 1, 2011, for $10,500. Prepare journal entries to
(a) Update depreciation for 2011 and
(b) Record the sale.
What is your conclusion about the fairness of the recorded balance in accounts payable for pinnacle manufacturing as it affects the income statement and balance sheet?
In the same year Nectar sold land costing $50,000 to Lorikeet for $30,000. On July 1, 2005, Lorikeet sold the land to an unrelated party for $110,000. What will be the gain reported on the consolidated income statement for 2005?
What are the various types of prime books?
1. proprty taxes on na manufacturing plant are an element of aproduct cost period cost1. yes no2. yes yes3. no yes4. no
filing status basic standard deduction additional standard deduction social securtiy base amountmarried joint 11400
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on january 8 the end of the first weekly pay period of the year regis companys payroll register showed that its
Why does accounting information have some features of a public good? What are the implications for information production in both unregulated and regulated markets?
Present Income Statement and Balance Sheet for at least 2 years. Provide Industry ratios for at least 3 different ratios. Would you consider working for this company? Why or why not?
peachtree allows you to add vendors and process vendor invoices for payment. what would be the transaction cycle? hint
The conversion of preferred stock to common sick is disclosed in the financing section of the of cash flows true or false?
Which of the following is not one of the PMBOK®?Guide's five process groups?
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