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Hairbrain Products, Inc. had $595,000 and $550, 000, respectively, in its equipment account on January 1 and December 31. During the year, no assets were purchased. Which of the following is a likely explanation? Select one: a) Depreciation expense during the year is $45,000. b) Equipment with an original cost of $45,000 was sold during the year. c) Equipment was wrote down to market value during the year to $45,000. d) Equipment with a book value of $45,000 was sold during the year.
Computer inc purchase supplies for $1000 doing 2102, at the end of the year computer had $800 supplies left. The adjusting entry should be ?
To do this, it may be helpful to first determine how much of the $305,380 consists of indirect materials and rent. Think about the behavior of variable and fixed costs!) (Do not round intermediate calculations.)
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on august 31 2010 victory corporations common stock is priced at 40 per share before any stock dividend or split and
Prepare the appropriate entries for the lessor to record the lease, the initial payment at its commencement, and at the December 31 fiscal year-end under each of the following two independent assumptions:
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