Determine the ending oaa balance

Assignment Help Accounting Basics
Reference no: EM13126507

If the beginning balance in OAA is $3,900, and the following transactions occur, what is the ending OAA balance?

Depreciation recapture= $21,000

Payroll tax penalty=$4,200

tax-exempt interest $5,300

nontaxable life insurance proceeds=$50,000

insurance premiums paid (nondeductible)=$2,800

Reference no: EM13126507

Questions Cloud

List chances of experiment if there is particular concern : A firm will promote two employees out of a group of six men and three women. list the chances of this experiment if there is particular concern about gender equity.
Explain increases the temperature of the solution : Both potassium chloride (KCL) and potassium hydroxide (KOH) are very soluble in water. However, as one increases the temperature of the solution, KCL becomes more soluble and KOH becomes less soluble. Explain
What is the molarity of the strontium ion : The average concentration of strontium ion in seawater is 8.00 mg of strontium ion per kg of seawater. What is the molarity of the strontium ion if the density of the seawater is 1.025 g/mL.
Prime ideals-maximal ideals : Prove that if M is a maximal ideal of S and phi is surjective then phi^-1(M) is maximal ideal of R. Give an example to show that this need not be the case if phi is not surjective.
Determine the ending oaa balance : If the beginning balance in OAA is $3,900, and the following transactions occur, what is the ending OAA balance?
Explain how can the concept of batch-level activities : Explain how can the concept of batch-level activities be applied to an airline? What are two examples of batch-level activities for JetBlue? What steps has JetBlue taken to manage these batch-level activities more efficiently?
Pumper and squeezing the rubber septum as indicated : After you have made your observations, you can release the vacuum and allow the pressure inside to return to atmospheric pressure. Do this by removing the pumper and squeezing the rubber septum as indicated.
What do results say about testing with group data : What do these results say about testing with group data? Include in your answer the URLs of the sites where you found the necessary data.
Laurent series and power series : If F is a field, prove that the field of fractions of F[[x]] is the ring F((x)) of formal Laurent series. Show that the field of fractions of the power series ring Z[[x]] is properly contained in the field of Laurent series Q((x)).

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the provisions in the sarbanes-oxley

What are the provisions in the Sarbanes-Oxley Act 2002 and the New York Stock Exchange listing requirements that are aimed at improving corporate governance and are directly related to audit committees?

  Determining bonds and interest expense

The issuance price of a bond does not depend on the-Which of the following is true of a premium on bonds payable?

  Employing the incremental method

Prepare the journal entry to record Fogelberg's transaction, under the following conditions. (Round answers to 0 decimal places, e.g. $38,487. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit ac..

  Discretionary and committed fixed costs

Distinguish between discretionary and committed fixed costs.

  Prepare the required journal entries

Prepare the required journal entries that MMM Store must make to record these transactions.

  Interest computations and journal entries

Dekon Company's December 31 year-end unadjusted trial balance shows an $8,000 balance is Notes Receivable. Prepare journal entries for December 31 and for the note's maturity date assuming it is honored.

  Previous and adjusted balances

Assuming a 30-day period in November, calculate November's interest. Also, calculate the interest Nancy would have paid with: a) the previous balance method, b) the adjusted balance method.

  Long-run demand curve for labour

What happens to the long-run demand curve for labour if the demand for the firm's output increases and what happens to the long-run demand curve for labour if the price of capital increases?

  Estimate the variable and fixed cost elements

Speedy Parcel Service operates a fleet of delivery trucks in a large metropolitan area. A careful study by the company's cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents pe..

  Computing loss of impairment

Donald Corporation owns machinery with a book value of $670,000. It is estimated that the machinery will generate future cash flows of $560,000.

  Market value of firm common equity

BunaBuna has been growing at a 15 percent annual rate and is expected to continue to do so for 3 more years. At that time, growth is expected to slow to a constant 4 percent rate.

  Proper accounting treatment of machine

Discuss the proper accounting treatment of $273,000 ($714,000 − $441,000) by which the cost of the first machine exceeded the cost of subsequent machines.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd