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Funseth Farms, Inc. purchased a tractor in 2008 at a cost of $30,000. The tractor was sold for $3,000 in 2011. Depreciation recorded through the disposal date totaled $26,000.
Required:
1. Prepare the journal entry to record the sale.
2. Assuming that the tractor was sold for $10,000, prepare the journal entry to record the sale.
an arson destroyed inventory in company warehouse and is in the process of filing a claim with ins co. for inventory
The payroll was divided
XYZ plc provides engineering and consultancy services tothe oil and gas industry. Over the past few years, they have incurred expenditure of £1m researchingand developing a new product, the "UniSensor" for which they have registered a patent.
a on march 10 anthony company received merchandise forresale from its normal supplier. the price was 3600 withterms of
for the year ended december 31 2008 general motors corporation reported a loss from operations of 20 billion. the
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Over the past year, you earned 11.9% overall on your investments. During that period, the inflation rate was 2.3% and the risk-free of risk-free rate of return was 3.2%. What real rate of return did you earn?
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Prepare the Current Liabilities section of Kruse's 2012 balance sheet. Compute Kruse's working capital.
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Compute the break-even point for the Extravaganza
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