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Wayne & Compnay, Inc., a construction equipment manufacturer, leased equipment that it manufactured to Indiana Industrial Builders, Inc on Jan 1, 2013. The equipmentcost R. Wayne $800,000 and has a sales price of $1,200,000. The lease requires 6 annual payments of $270,691, one made on Jan 1, 2013 at the signing ad the rest made at the end of each year beginning Dec 31, 2013. The lease qualifies as a sales-type capital lease for R.Wayne & Company.
a.)Prepare Journal entries that the Wayne & Company, Inc. would make on January 1, 2013.
In business, there is a tension between the principals (stockholders) and agents (managers). The managers may choose policies that increase short-term profitability (and their bonuses) at the expense of long-term profitability.
peterson company incurred the following high and low maintenance costs totals during 2011 432000 at 20000 units of
which of the following represents the second largest payroll related expense incurred by
standard and actual cost offfr direct labor for the manufacture of 1000 units of product were as follows actual costs
Imagine you are preparing a business's cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision? Provide specific examples in your response.
on august 1 2015 trico technologies an aeronautic electronics company borrows 20.7 million cash to expand operations.
on july 25 2010 karen who is single gives stock with a fmv of 7500 and a basis of 8000 to bill. karen had purchased the
As a result, the bank decided that the loan was impaired. If the loss is estimated to be $225,000, what entryies should National American Bank make to record this loss?
What is the budgeted net income for February.
It is the end of the accounting period, and your boss asks you to help determine the inventory balance to place in the company's balance sheet. Explain which physical quantities of inventory that you will include, and which you will exclude.
Emu Company which was formed in 2010, had an operating income of $200,000 and operating expenses of $120,0000 in 2010. In addition, Emu had a long-term capital loss of $10,000. How does Andrew, the owner of Emu Company, report this information on ..
a. Calculate the number of hours of direct labor used in November. b. Actual Manufacturing overhead costs incurred during November totaled $166,425. Calculate the amount of over or underapplied overhead for November.
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