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A down payment of 34000 in cash was made on additional computer equipment that was purchased for 170,000. A five year note was executed by the company for the balance? What accounts need to be credited and debited and for how much? My guess is: ?? 34000- cash -debit 136000- notes payable- debit 170000- computer equipment-credit.
brandon company completed an aging of its accounts receivable and came up with an estimated amount of 6342. the credit
Prepare the entries on both companies' books assuming that the exchange had commercial substance. Prepare the entries on both companies' books assuming that the exchange lacked commercial substance.
selected data concerning operations of cascade manaufacturing company for the past fiscal year followraw materials
the 3d printer company applies manufacturing overhead to products on the basis of standard machine hours. budgeted and
problem 14-1a comparative statement data for lionel company and barrymore company two competitors appear below. all
red pine inc. established a 400 petty cash fund several months ago and replenishes it at the end of each month. during
explain impairment of operational assets? how do we find out if an impairment exists? how do we compute the impairment
R1. Compute the cost allocation rate for each activity.
for 2012 roberta is a self-employed truck driver with earnings of 43000 from her business. during the year roberta
V Company's product has a labor standard of 2 hours per unit. For 2011, it estimates its production will be 200,000 units (400,000 DLHs). It budgets total overhead at $900,000, which results in a fixed overhead rate of $1.50 per hour.
publicly traded companies are required to report earnings per share data on the face of the income statement.compare
"Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs we know are direct." Do you agree? Why?
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