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Raymond construction trades in an old tractor for a new tractor receiving a 31850 trade in allowances and paying the remaining 93275 in cash. The old tractor cost 107900 and straight line accumulated depreciation of 58500 had been recorded to date under the assumption that it would last eight years and have a 14300 salvage value. Answer the following questions assuming the exchange has commercial substance.
Prepare the journal entry (or entries) for the issuance of the bonds and warrants for the cash consideration received.
How does the Congressional Budget Office "score" proposed changes to the income tax code?
tenco a domestic corporation manufactures tennis rackets for sale in the united states and abroad. tenco owns 100 of
seasons manufacturing manufactures a product with a unit variable cost of 100 and a unit sales price of 176. fixed
What are the advantages and disadvantages of using automated accounting systems to do adjusting entries?
krew kutters net income was 100000 last year. the company has 10000 shares of common stock and 4000 shares of 200 par
wanda spendthrift is the vice president and treasurer of buyeverything enterprises inc. that has three wholly-owned
The date of sale, was sold for $24,000 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
the final processing department in carols production facility began the year with no work in process inventories.
panoramic inc. had a beginning balance of 2000 in its accounts receivable account. the ending balance of accounts
at the beginning of the year logan services purchased a used airplane for 65000000. logan services expects the plane to
a company is considering a special order for 1000 units to be priced at 8.90 the normal price would be 11.50. the order
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