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Rick Kleckner Corporation recorded a capital lease at $283,360 on January 1, 2012. The interest rate is 12%. Kleckner Corporation made the first lease payment of $50,930 on January 1, 2012. The lease requires eight annual payments. The equipment has a useful life of 8 years with no salvage value. Prepare Kleckner Corporation's December 31, 2012, adjusting entries.
1. accrued salaries of 600 owed to employees for december 29 30 and 31 are not taken into consideration in
Aedion Company owns control over Breedlove, Inc. Aedion reports sales of $300,000 during 2004 while Breedlove reports $200,000. Inventory costing $20,000 was transferred from Breedlove to Aedion (upstream) during the year for $40,000.
gross income. susans salary is 44000 and she received dividends of 600. she received a statement from sj partnership
What should Quinn report on its 2007 income statement as a result of the increase in fair value of the investments in 2007?
Total the dollar amounts in each of the columns. (b) Compute the cost to produce one football helmet.
ortiz companys sales budget projects unit sales of part 198z of 10300 units in jaunary 11 600 units in february and
Samuels, Inc. reported net income for 2011 is $105,000. During 2011 the company had 5,000 shares of $100 par, 5% preferred stock and 20,000 of $5 par common stock outstanding.
panoramic inc. had a beginning balance of 2000 in its accounts receivable account. the ending balance of accounts
If she finances the new plant with short-term debt, the current ratio will fall to 1.5:1. Briefly discuss the issues that Barbara should consider.
following is information taken from the accounting records of kagawa company at the end of 2009. - net sales 660000 -
abraham inc. a new jersey corporation operates 57 bakeries throughout the northeastern section of the united states. in
pag inc. is a clothing retailer and it has terms from one of its vendors of 110 n30. compute the equivalent annual rate
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