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!
D invested $100,000 in an equipment leasing LLC. He was to be allocated all of the depreciation for the first five years and 40% of the net income before depreciation. The venture borrowed $400,000, non-recourse debt? D’s depreciation for the first year was $200,000 and his share of the net income before depreciation was $60,000.
1. What problems will D encounter in deducting his net loss from the LLC for the first year?
2. Same as a., except the LLC leases real estate, rather than equipment.
The cost of equipment purchased by Charleston, Inc., on June 1, 2010 is $89,000. It is estimated that the machine will have a $5,000 salvage value at the end of its service life - Compute depreciation expense on the machine for the year ending Dec..
Michaels Company segments its income statement into its East and West Divisions. The company’s overall sales, contribution margin ratio, and net operating income are $640,000, 60%, and $64,000, respectively.
Brozen Valley is a chain of 55 coffee shops.- The standard amount of ground coffee per cup is 0.75 ounces.- Compute material price and quantity variances
Flynn Company purchased 80 Rinehart Company 12%, 10-year, $1,600 bonds on January 1, 2014, for $128,000. The bonds pay interest semiannually on July 1 and January 1. On January 1, 2015, after receipt of interest, Flynn Company sold 48 of the bonds fo..
Find the correct entry for Flores on November 17, assuming the correct payment was received on that date and What is the correct entry for Flores on November 10?
Dividend allocation between classes of shareholders LO C2 Stockholders’ equity of Ernst Company consists of 80,000 shares of $5 par value, 8% cumulative preferred stock and 250,000 shares of $1 par value common stock. Both classes of stock have been ..
A New Zealand company has a foreign denominated asset in United States dollars worth US$600,000 on the 1 July 2016. The US debtor is due to repay this debt to the New Zealand company over the next 12 months. Assume the company are able to partner wit..
Flexible budgets and variance analysis are very useful tools for managers, but are sometimes difficult to understand. Find an online resource that helps you to better understand using budgets and variances to inform decision making. Provide a link to..
Which one of the subsequent statements best explains why companies want to distinguish between direct and indirect costs?
Pro forma balance sheet construction - Use the following industry average ratios to construct a pro forma balance sheet, for Carlos Menza, Inc.
Determine net income under each approach and calculate the quality of earnings ratio under each approach and explain your findings.
The following selected account balances were taken from Buckeye Company's general ledger at. Calculate the net cash flow from financing activities for 2005. If your answer is negative, place a minus sign in front of your answer with no spaces in betw..
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