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Sanderson & benit construction inc. purchased equipment with a cost of $40,000 and a salvage value of $5,000 with a life of 5 years. The equipment is now fully depreciated. if the old equipment is exchanged for new equipment at a cash price of $42,000 with no appraisal of the new equipment, the entry for this exchange would debit the new equipment for : ( no trade in allowance) a) $42,000 b)47,000 c)$40,000 d) must get an appraisal.
Meyerson's primary business is and was, at all relevant times, the sale of prescription pharmaceutical products. Meyerson considered it top priority to ensure that the company's reported results met or exceeded the company's targets. Meyerson reco..
batista company management wants to maintain a minimum monthly cash balance of 20000. at the beginning of april the
Prepare the journal entry to record the exchange on Smith's books, assuming the transaction has commercial substance. Prepare the journal entry to record the exchange on Smith's books, assuming the transaction does not have commercial substance.
lead time analysis furry friends inc. manufactures toy stuffed animals. the direct labor time required to cut sew and
Cypress Corp., a calendar year corporation, purchased a $750,000 factory building in February, $240,000 of new machinery in April, $90,000 of new office furniture in August, $130,000 of used machinery in October, and $140,000 of new office furnitu..
1. on january 1 200x rare bird ltd. purchased 12 bonds dated january 1 200x with a face amount of 20 million. the bonds
the management of drummer corporation is considering dropping product d84l. data from the companys accounting system
1 Prepare a revised cost estimate for the job, taking into account opportunity costs, replacement costs and incremental costs. Assume that Mr Brewster considers the job from the viewpoint of a family business, including himself and his son together. ..
beginning assets were 437600 beginning liabilities were 262560 common stock sold during the year totaled 45000 revenue
A government's Statement of Revenues, Expenditures and Changes in Fund Balances reflected proceeds of bonds in the amount of $1,000,000. That statement also reflected expenditures for debt service in the amount of $3,000,000, including $2,600,000 ..
Are there any difference between the organizations that adopt a particular accounting method? What are the strengths and weaknesses of the various types of accounting?
Access the financial statements from the most recent annual report of a foreign company and a domestic company with which you are familiar to complete this assignment.
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