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For the business of Fl. Ward, a food merchant, classify the following between capital and revenue expenditure:
(a) Repairs to meat slicer.
(b) New tyre for van.
(c) Additional shop counter.
(d) Renewing signwriting on shop.
(e) Fitting partitions in shop.
(f) Roof repairs.
(g) Installing thief detection equipment.
(h) Wages of shop assistant.
(i) Carriage on returns outwards.
(j) New cash register.
(k) Repairs to office safe.
(l) Installing extra toilet.
Consider a hedge fund with $400 million in assets, $60 million in debt, and 16 million shares at the start of the year and with $500 million in assets, $40 million in debt, and 20 million shares at the end of the year. During the year, investors have..
On January 1, 2014, Craig Corp. had the following stockholders' equity accounts: Prepare the journal entries, and closing entries, necessary for the 2014 transactions. Prepare the stockholders' equity section on the December 31, 2104 balance sheet.
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Suppose 500 people attend the party. What will be the total cost of the music group? -- The unit cost per person?
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Every airline has what is called a break-even load factor. That is the percentage of the seats the airline has in service that it must sell at a given yield, or price level, to cover its costs. Since revenue and costs vary from one airline to another..
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What factors or components go into the balance sheet?
Debbie owns office equipment with a basis of $300,000 and a holding period starting on May 10, 2004. Debbie exchanges the equipment for other office equipment owned by Doug on July 23, 2015. Doug’s equipment has an FMV of $500,000. Both Debbie and Do..
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