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Indicate how each of the following transactions affects the accounting equation.
a. Purchase of supplies on account.
b. Payment of wages.
c. Cash sale of goods for more than their cost.
d. Payment of monthly utility bills.
e. Purchase of a building with a down payment of cash plus a mortgage.
f. Cash investment by a stockholder.
g. Payment of a cash dividend.
h. Sale of goods on account for more than their cost.
i. Sale of land at less than its cost.
a company has a return on equity of 20 percent a debt ratio of 55 percent and a profit margin of 12 percent. the
Emmylou Company purchased 70 Harris Company 12%, 10 year. Prepare a journal entries to record the transaction described above.
How much should the National Credit Union invest in municipal bondsso as to maximize its return on investment? What is the maximal return on investment?
Demostrate the entry in the Investment Trust Fund to summarize the collection of interest for six-month period.
In exchange for all of its stock, Aqua receives: assets (basis of $380,000 and fair market value of $1.8 million), trade accounts payable of $125,000, and loan due to a bank of $375,000. The proceeds from the bank loan were used by Shawn to provid..
Which of the following scenarios reflects the correct application of U.S. GAAP for capitalization of certain expenditures as intangible assets?
In November 2011, Kendall purchases a computer for $4,000. She does not use Sec. 179. She only uses the most accelerated depreciation method possible.
Illustrate out the some contemporary trends in global value chain management? How does the use of a global monetary unit (e.g., Euro or single currency) affect global value chain management?
What is the total overhead costs assigned to deluxe racquets, using a single overhead rate. Using activity-based costing, how much assembly costis assigned to deluxe racquets?
For each of the following, journalize the necessary adjusting entry:
Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.
Calculate the present value for this annuity if interest is compounded semi-annually.
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