User Account

All Pages

Following items should be classified as long term

Assignment Help Accounting Basics
Reference no: EM13928831

1. Which of the following items should be classified as long-term operational assets?

a. Delivery van 
b. Land used in the business 
c. Goodwill 
d. Cash 
e. Filing cabinet 
f. Tax library of accounting firm LO 1
g. Prepaid insurance 
h. Coal mine 
i. Office equipment 
j. Accounts receivable 
k. Supplies 
l. Copyright

Reference no: EM13928831

Questions Cloud

Visa card in payment : Draber Restaurant accepted a Visa card in payment of a $400 lunch bill. The bank charges a 4% fee. What entry should Draber make.
Allowance for doubtful accounts : The company recorded this amount as an addition to Allowance for Doubtful Accounts. On May 11, 2018, Ling Co. determined that the Jeff Shoemaker account was uncollectible and wrote off $2,072. On June 12, 2018, Shoemaker paid the amount previously wr..
Give some examples of long term operational assets : Give some examples of long term operational assets that each of the following companies is likely to own:
Otylia manufacturing company : Otylia Manufacturing Company assembles its product in several departments. It has two departments that process all units. During February, the beginning work in process in the cutting department was half completed as to conversion,
Following items should be classified as long term : Which of the following items should be classified as long term operational assets?
Assuming costello determines : If Costello uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Costello determines that L. Dole's $2,500 balance is uncollectible.
Sustainable mis practices : Explain why a business today would want to follow sustainable MIS practices? Give specific examples of these practices.
Ethical issues are a major concern in today organizations : Ethical issues are a major concern in today's organizations, especially when it pertains to the employees of the organizations. There are key individual influences that impact ethical behavior.
What social issues arise with use of information systems : What ethical, social, and political issues arise with the use of information systems? Which of these identified issues can have the most adverse effect on an organization if not managed properly?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Input the formulas need to calculate margin turnover roi

input the formulas need to calculate margin turnover roi and residual income.check your worksheet by changing the

  Define inductive reasoning and deductive reasoning

In your own words, explain what is meant by "inductive reasoning" and "deductive reasoning." State the differences between the two and provide examples to illustrate.

  Cresol corporation has a large number of potential

cresol corporation has a large number of potential investment opportunities that are acceptable. however cresol does

  Go to the coso web site and locate the guidance

Go to the COSO web site and locate the guidance on enterprise risk management. The executive summary of the article Enterprise Risk Management Integrated Framework can be downloaded at no cost.

  Calculating goodwill in transaction

Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair value. Suppose that Got Em Co. had operating income of $64,300 and net assets with a fair market value of $184,000. Ta..

  Xyz inc had actual sales of 150000 in february and 170000

xyz inc. had actual sales of 150000 in february and 170000 in march.nbspnbspthe firms managers estimate that sales in

  Differentiate between the decreasing charge depreciation

Differentiate between the decreasing-charge depreciation methods and the special depreciation methods, and suggest the method that would result in the highest depreciation during the first year of operations.

  Gross income for the year

It purchased equipment normally selling for $10,000 at a 20% discount. Based on these facts, what is its gross income for the year?

  Equity method throughout the year

When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is false before making adjustments on the consolidated worksheet?

  Some organizations use internal service departments to

some organizations use internal service departments to provide like services to several divisions or departments within

  Radial manufacturing inc had sales of 2340100 for the first

radial manufacturing inc. had sales of 2340100 for the first quarter of 2012. in making the sales the company incurred

  Determining fair market price for the stock

A particular common stock has an annual cash dividend of $2 per share and is predicted to have a market value of $30 per share 5 years from now. Assuming a discount rate of 10%, a fair market price for the stock today is:

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd