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A machine with a cost of $144,000 and accumulated depreciation of $99,000 is sold for $57,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
a Zero. This is a financing activity.
b $12,000.
c Zero. This is an operating activity.
d $45,000.
e $57,000.
calculation of impact on profit by selecting an option.lakeshore tours inc. operates a large number of tours throughout
Samantha is an accountant who operates as a sole proprietorship using the cash method of accounting. Samantha’s had a great year this year (2014) but she is worried that the additional income she has earned will push her into a higher tax bracket. Sh..
Susans salary is 44,000 and she received dividends of 600. She recieved a statement from SJ partnership indicating that her share of the partnership's income was 4,000. The partnership distributed 1,000 to her during the year and 600 after year end. ..
Identify the main issues in the chosen area and accurately respond to each of the questions from the chosen area and build upon class activities by referencing new learning that has occurred.
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Upon adoption of FAS 159, may a reporting entity apply the fair value option to derivative contracts for which the normal purchases and normal sales (NPNS) exception has been applied under FAS 133?
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Evaluate the eight variances and Comment on the variances - During September 2011, the company produced 106,000 cases and recorded the following cost data
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On December 28, 2013, Tristar Communications sold 10 units of its new satellite uplink system to various customers for $25,000 each. The terms of each sale were 1/10, n/30. Tristar uses the net method to account for sales discounts.In what year will ..
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