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A company sold equipment for $55,000. Total accumulated depreciation at the time of the sale was $22,500 and a loss of $12,500 was recognized on the sale. What was the original cost of the asset?
the boxwood company sells blankets for 36.00 each. the following was taken from the inventory records during may. the
the information necessary for preparing the 2013 year-end adjusting entries for vitos pizza parlor appears below. vitos
1.In 2013, the Barton and Barton Company changed its method of valuing inventory from the FIFO method to the average cost method.
1. an unexpired cost appears on the balance sheet and expired cost appears on the income statement.true or false2.
a companys board of directors votes to declare a cash dividend of 1.10 per share. the company has 22000 shares
In addition, the product will tie up an average of $5,000 in working capital, which will not be freed up until termination of the product.
Justings Co. owned 80% of Evana Corp. During 2006, Justings sold to Evana land with a book value of $48,000. The selling price was $70,000. In its accounting records, Justings should:
A Company sells two products, J and K. The sales mix is 4 units of J and 3 units of K. The contribution margins per unit are $ 40 for J and $ 20 for K. Fixed costs are $ 6,16,000 per month. Compute the break-even point.
Discuss for cases of accounting fraud in the US history. mention what happened who perpetuated and the aftermath of the fraud
jamaica corp. is adding a new assembly line at a cost of 8.5 million. the firm expects the project to generate cash
How are manufacturing inventories different than those of a merchandiser? What security measures may be used by retailers to protect merchandise inventory from customer theft?
larry and jessica form the lampj prtnership. larry contributes property with an adjusted basis of 70000 a fair market
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