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During 2010, Ly company disposed of two different assets. On January 1, 2010 prior to their disposal, the accounts reflected the following
The machines were disposed of in the following ways:A)Machine A: sold on January 1, 2010 for $5750 cashB) Machine B: On January 1, 2010, this machine suffered irreparable damage from an accident and was removed by a salvage company at no cost.
Require:1) Give the journal entries related to the disposal of each machine at the beginning of 20102)Explain the accounting rationale for the way that you recorded each disposal
research in motion apple millions current year prior year current year prior yearaccounts receivable 2594 2112 3361
Albert transfers land (basis of $140,000 and fair market value of $320,000) to Gold Corporation for 80% of its stock and a note payable in the amount of $80,000. Gold assumes Albert's mortgage on the land of $200,000.
adirondack corporation is estimating activity costs associated with producing two different sized e-reader tablets. the
How are franchise fees, royalty fees, and KKM&D sales with these joint ventures reflected in the Company's consolidated financial statements? What issues might arise in analyzing intercompany sales transactions?
carlyle lighting products produces two different types of lamps a floor lamp and a desk lamp. floor lamps sell for 30
pollachek co. purchased land as a factory site for 450000. the process of tearing down two old buildings on the site
jasmine company produces hand tools. a production budget for the next four months is as follows march 10300 units april
karen in forming a new corporation transfers land to the corporation in exchange for 100 percent of the stock of the
the massoud consulting group reported net income of 1386000 for its fiscal year ended december 31 2013. in addition
requirement 1 neal company would like to initiate a management development program for its executives. the program
barney an individual and aldrin inc. a domestic c corporation have decided to form ba llc. the new llc will produce a
costello corporation manufactures a single product. the standard cost per unit of product is shown below.direct
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