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1. Rivera Company exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment is $31,000 (cost $61,000 less accumulated depreciation $30,000). Its fair market value is $19,000, and cash of $5,000 is paid. Prepare the entry to record the exchange, assuming the transaction has commercial substance.
ron barber cpa is auditing the financial statements of dgf inc. a publicly held company. during the course of the audit
Prepare a statement of retained earnings for the year ended December 31, 2015, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2015.)
1. From the information given, record closing entries. 2. If closing entries were not prepared at the end of the accounting period, what problems would result in the next accounting period?
What is the theoretical basis for requiring lessees to capitalize certain long-term leases? Do not discuss the specific criteria for classifying a lease as a capital lease.
the brandilyn toy company manufactures a line of dolls and a doll dress sewing kit. demand for the dolls is increasing
debra works on the assembly line of a manufacturing company where she installs a component part for one of the companys
a current client is considering a change in their corporate structure. they recognize that this will impact their
a corporation purchases 10000 shares of its own 10 par common stock for 17.50 per share recording it at cost. what will
what is the percentage change from 2011 to 2012? what is the percentage change from 2012 to 2013? be sure to indicate
Given a sample size of 36, with sample mean 670.3 and sample standard deviation 114.9, we perform the following hypothesis test.Null Hypothesis
The interest (settlement) rate applicable to the plan is 10%. On January 1, 2011, the company amends its pension agreement so that prior service costs of $500,000 are created. Other data related to the pension plan are as follows.
How is data mining different than data warehousing?
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