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A firm's accumulated depreciation account increased $30,000 for the year and total plant assets at cost increased $200,000. During the year, the firm purchased $350,000 of new equipment for cash, and sold equipment for $50,000 cash. This equipment had been depreciated $30,000 at the time of the sale. What is the complete disclosure of these events in the statement of cash flows prepared under the direct method?
You are looking into purchasing computer equipment for your at-home business, personal recruiting. Since you are just starting out, you have set an initial budget of 1500.00
The auditors wish to test the valuation of accounts receivable in the audit of Seaside Enterprises. The client has $5,000,000 of total recorded receivables, composed of 2500 accounts.
1.Distinguish between personal and professional judgment in accounting ethics.
during its first year of operations rosa corp has these transactions pertaining to its common stock.jan. 10 issued
due to varying business characteristics the managerial accounting techniques applied in each business may differ. for
discuss this weeks objectives with your team sharing related research connections and applications made by individual
logan corporation manufactures two products with the following characteristics.contribution margin per unitmachine
A machine that originally cost $25,000 and was depreciated on a straight line basis has one year of its expected 5-year life remaining. Its current value is $12,000. The corporate tax rate is 34%.
Comparative information taken from the Fogerty Company financial statements is shown below 2007 2006-Using horizontal analysis, show the percentage change from 2006 to 2007 with 2006 as the base year.
for a financial statement of year 2006 sale was 400000 and a identified loss of 40000. again for year 2007 sale was
Obtain at least two years of financial information pertaining to General Motors company from its most recent annual report (10-K).
the following information is for employee james for the week ended march 15total hours worked48federal income tax
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