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Having been told repeatedly during his many years of service that depreciation was charged "in order to provide for thereplacement of capital asset," a member of a government'selectric utility (Enterprise Fund) board of directors was visiblyupset upon being advised by the controller that it would benecessary for the utility to go deeply in debt "in order to replacesome of our capital assets." " How can it be true, " he asks, "that we have operated profitable each year, have an $850,000 Net Assets balance and total Accumulated Depreciation account balancesof $6,000,000, have never made transfers to the General Fund, andyet have cash and investments totaling only $100,000? What is yourresponse?
the following schedule summarizes the inventory purchases and sales of brooks street enterprises during january 2009
The Butterfly Corporation had the following information that pertained to its March budget.
del ray imports sold a depreciable plant asset for cash of 425000. the accumulated depreciation amounted to 60000 and a
What is Corporate governance and outline brief history of corporate governance - Prepare an essay on Corporate\IT governance and internal control.
Recording Transactions Affecting the Enterprise Fund and Business-Type Activities, Prepare general journal entries to record the December 31, 2013, accounts and balances for the Water Utility Fund, selecting the corresponding accounts from drop-down..
lovitz company is planning to produce 2500 units of product in 2008. each unit requires 4 pounds of materials at 8 per
you have just purchased a house and have obtained a 30-year 200000 mortgage with an interest rate of 10. assuming you
In 2006 Bombay Corporation had cash receipts of $14,000 and cash disbursements of $8,000. Their ending cash balance at December 31, 2006 was $22,000. What was their beginning cash balance?
on january 2 2011 gold star leasing company leases equipment to brick co. with 5 equal annual payments of 40000 each
Calculate the combined total net income if the company accepts the offer to sell additional units at the reduced price of $13 per unit (Normal value? Additional value? Combined value?)
1. on december 1 martin company signed a 5000 3-month 6 note payable with the principle plus interest due on march 1 of
rosen and noble decide to organize a partnership. rosen invests 15000 cash and noble contributes 12000 cash and
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