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As a part of the initial investment a partner contributes office equipment that had a cost of 20,000 and accumulated depreciation of 12,500. If the partners agree on a valuation of 9,000 for the equipment, what amount should be debited to the office equipment account?
Given the EOQ, what is the average inventory? What is the annual inventory holding cost? In minimizing cost, how many orders would be made each year? What would be the annual ordering cost?
on july 1 year 1 cody co. paid 1198000 for 10 20-year bonds with a face amount of 1 million. interest is paid on
the confectioners corner inc. would like to buy a new machine that automatically dips chocolates. the dipping operation
woody corp. had taxable income of 8000 in the current year. the amount of macrs depreciation was 3000 while the amount
Computation was a disallowed penalty of $25,000, life insurance proceeds of $100,000, and an income tax refund from 2009 of $50,000. Au Sable is an accrual basis taxpayer. The corporation's current earnings and profits for 2010 would be:
carmack company has credit sales of 2.6 million for year 2011. on december 31 2011 the companys allowance for doubtful
The Federal Reserve refused to act as lender of last resort during the last crisis because Bernanke believed that bank executives had ripped off society. In addtion Bernanke feared the long term affects of moral hazard.
who prepares the internal control structure report? when is this report prepared?what types of audit opinions can the
Assume that Smith & Smith CPAs audited Apollo shoes. Inc last year Now CEO Larry Lancaster wishes to engage Anderson, Olds, and Watershed, CPAs (HOW) to audit its annual financial statements.
cash9000investments short-term4000accounts receivable13000inventory22000notes receivable
Evaluate the potential impact of these changes on the transparency of health care financial statements and whether or not the same information is truly represented and analyze the highlights of the changes and justify the changes made by GAO.
A small business owner holds $4,000 in cash; $1,200 in materials; $10,000 in land and $32,000 in plant and equipment. His accounts payable total $9,000 and he has an outstanding bank loan totaling $18,800. what is the owners equity?
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