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Corporation purchased a new delivery truck for 35,000. The sales taxes are $2,700. The logo is painted on the side of the truck for $800. The truck's annual license is $200. Annual insurance on the truck is $1,300. What should Lennox record as the cost of the new truck?
batpro makes metal baseball bats. each bat requires 1 kg. of aluminum at 20 per kg. and 0.50 direct labor hours at 16
for 2012 lbj corporation reported net income of 75000 net sales 750000 and weighted average shares outstanding of 7500.
Prepare the journal entries for each of the situations - At the time of the exchange, the land was advertised for sale at $250,000.The stock was selling at $11 per share.
Compute the after-tax profit of Falcon.Com separately for both the (1) FIFO and (2) LIFO methods of inventory valuation assuming the company has no expenses other than cost of goods sold and its income tax rate is 50%. Taxes are accrued currently ..
Estimate the power costs when 6.5 machine hours are used - compute the coefficient of determination.
Nance Company owns 30% interest in the stock of Finley Corporation. During the year, Finley pays $25,000 in dividends to Nance, and reports $100,000 in net income. Nance Company's investment in Finley will increase by
1. paid the rent for the next six months.a an asset would be debited and an expense credited.b an asset would be
lavender corporation uses a job-order costing system and applies manufacturing overhead usinga predetermined overhead
ermaine owns all 200 shares of peach corporation stock valued at 50000. kenya a new shareholder receives 200 newly
zeta corporation and its subsidiary reported consolidated net income of 320000 for the year ended december 31 20x8.
Given growth rate of 5%, determine the intrinsic MVA of each division. What is the intrinsic MVA of each division if growth is instead 6%?
Management has determined that they should record a valuation allowance equal to the net deferred tax asset. Assuming a tax rate of 34%, prepare the journal entries to record the deferred tax provision and the valuation allowance.
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