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Damien, not a dealer in real estate, sold real estate with a basis of $250,000 for $500,000 cash, a note for $250,000, and the buyer assumed Damien's mortgage on the property of $125,000. During the year, the purchaser paid Damien $30,000 principal and $72,000 interest on the note and paid $6,000 principal and $18,000 interest on the mortgage he assumed. The contract price for the above transaction is what amount?
brooks corp. is a medium-sized corporation specializing in quarrying stone for building construction. the company has
If a city acquires a new office building under a capital lease agreement, 1)The cost of the building should be reported in the __ 2)The "cost" of the building is computed as ____
Furthermore,the penalties and interest charged on delinquent taxes exceed the interest charges on the tax anticipation notes.
During the current year, Top sold merchandise to Bottom for $100,000. The subsidiary still possesses 40 percent of this inventory at the end of the current year. Top had established the transfer price based on its normal markup. What are consolida..
speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the companys
Calculate total-debt-to-total-assets for the year ended September 28, 2003. Compare it with the value for the year ended September 29, 2002.
Capital balances as of the end of the current year:
Prepare a schedule indicating cash collections from sales for May, June, and July.
marshalls company reported the following results from the sale of 10000 units in may sales 368000 variable costs 146000
a company produces doors. the following information wasgathered to prepare budgets for the upcoming year beginning
ratios provide the users of financial statements with a great deal of information about the entity. do ratios tell the
The company closes its accounts and prepares financial statements at the end of each month.
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