Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose that Kilgore, Inc., is the company that accepted the note from Dieland Company in RE14-12. Kilgore had originally purchased the equipment for $18,000, and the equipment has a book value of $14,000 on January 1. Kilgore knows Dieland's incremental borrowing rate of 9%. Prepare the journal entry for Kilgore to record the sale of the equipment on January 1.In RE14-12, On January 1, Dieland Company issues a $20,000 non interest bearing, 5 year note for equipment. Neither the fair value of the note nor the equipment is determinable. Dieland Company's incremental borrowing rate is 9%.The asset has a useful life of 7 years.
Prepare the journal entry for Dieland to record the issuance of the note on January 1.
1. holey foods has a piece of equipment that it bought on january 1 2011 for 48000 which it sells to an equipment
Refer to RE23-2. Assume the pretax cumulative effect adjustment is $50,000. Prepare the journal entry that Heller Company would make at the beginning of Year 2 to record the cumulative effect of the retrospective adjustment for the change from LIFO t..
pascal inc. is planning to sell 800000 units for 1.50 per unit. the contribution margin ratio is 20. if pascal will
switzer inc has 5 computers which have been part of the inventory for over two years. each computer cost 600 and
spencer duck sssn 000-22-111 is single and his eight year old son mitch lives with him nine months of the year in a
bogey co. recorded operating data for its cheap division for the year. bogey requires its return to be 10. sales
Delmar Company purchased a building on January 2 by signing a long-term $480,000 mortgage with monthly payments of $4,400. The mortgage carries an interest rate of 10 percent. The entry to record the first monthly payment will include a:
question nbsptupper and tolin have decided to form a partnership to provide environmental testing services to industry.
what are the financial techniques used to evaluate capital projects in an organization? with respect to the
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct and indirect method.
Determine the account balance on July 1 and During April, cash receipts totaled $279,100 and the April 30 balance was $13,200. Determine the cash payments made during April.
The problem belongs to Basic Accounting and it discusses on evaluation of break-even point in sales
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd