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Grant Industries leased exercise equipment to Silver Gyms on July 1, 2011. Grant recorded the lease as a sales-type lease at $810,000, the present value of minimum lease payments discounted at 10%. The lease called for ten annual lease payments of $120,000 due at the beginning of each year. The first payment was received on July 1, 2011. Grant had manufactured the equipment at a cost of $750,000. The total increase in earnings (pretax) on Grant's 2011 income statement would e?
What is the predetermined overhead rate?
Prepare the bank reconciliation for Janus Jutes, Inc. dated May 31, 2009. Janus made a deposit on May 31, but this deposit did not appear on the bank statement, $1,451.
cassies computer parts has two decentralized divisions hardware and pre-fab. pre-fab has always purchased certain units
hannon company makes swimsuits and sells these suits directly to retailers. although hannon has a variety of suits it
The journal entry required on the company's books to record the note payable on July 1, 2009 would include a
Miller Company has a times interest earned ratio of 5. Sales and variable expenses were $57,290 and $40,105 respectively. Compute the company's fixed interest expense
spencer corp. reported accounts receivable of 28000 on its december 31 2011 balance sheet. on december 31 2012 accounts
A transportation company is paid in the month of May for delivering a truckload of goods, although it actually delivers it in June. What effect will there be on the financial statements if the correct adjusting entry is not made?
bernice dies and under a will passes real estate to her surviving husband. the real estate is subject to a mortgage.
1the blankenship company paid a cash dividend of 0.44 per share during the current year and reported 18000 shares of
quinlan inc. has two support departments maintenance and personnel and two operating departments tables and chairs. the
if a firm has the highest priceearnings ratio of any firm in its industry then other things held constant this suggests
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