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Contributions of long-lived assets may affect more than one type of fund. Discovery Barn, a not-for-pro?t science center for children, received a contribution of $30,000 explicitly designated for the acquisition of computers. During the year it acquired $21,000 of computers, which it estimated to have a useful life of three years. It is the policy of the organization to charge an entire year's depreciation in the year of acquisition. Prepare all required journal entries, being certain to indicate the type of fund in which each entry would be made.
Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Rainey uses FIFO.
A company had net income of $242,000. Depreciation expense is $26,000. During the year, accounts receivable and inventory increased $15,000 and $40,000, respectively. Prepaid expenses and accounts payable decreased $2000 and $4000, respectively. T..
variable costs as a percentage of sales for leamon inc. are 77 current sales are 567804. and fixed costs are 180873.
Carleton Service Center just purchased an automobile hoist for $14,947. The hoist has a 5-year life and an estimated salvage value of $1,410. Compute the payback period for the new hoist.
cd new is a direct marketer of popular music. the following information about its revenue and cost structure is
you are an accountant in the budgetary projections and special projects department of american conductor inc. a large
during the month of september direct labor cost totaled 9750 and direct labor cost was 30 of prime cost. if total
delta belt company shows 1080000 of variable conversion costs 360000 fixed conversion costs and 72000 machine hours for
what where the total balances after adding and subtracting the adjustments giving you the adjusted trial balance totals for the month of may? for the generals favorite fishing hole comprehensive promblem.
at the end of each month for the next ten years you will receive cash flows of 50. if the discount rate is 7.2
the robinson corporation has 53 million of bonds outstanding that were issued at a coupon rate of 7 12 percent seven
qunitana pena expects to receive a 500000 cash benefit when she retires five years from today. ms. penas employer has
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