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Sutherland Company purchased machinery for $640,000 on January 1, 2009. Straight-line depreciation has been recorded based on a $40,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2013 at a gain of $12,000. How much cash did Sutherland receive from the sale of the machinery?
What caused the change of Bank of America Corporation's percentage of the accounts receivable balance to total assets for the last two years?
Which of these should be included in the initial project cash flow related to net working capital and What amount should be used as the initial cash flow for this building project
Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2011 on this equipment?
Arrange a comparative balance sheet, with horizontal analysis, for 31 st December, 2011 and 2010.
Finding the Net cash flow provided (used) by investing activities - Cash Flow Computations and From the following selected data, compute
The market value of the common stock at the date of the conversion was $30 per share. Illustrate what total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common..
ABC INC purchased new machinery in order to improve its production process - Give the value of the new machinery, and list the financial statement in which it will be shown at fiscal year
Using the information above, calculate the net present value of costs (cash outflows) and decide whether it should be purchased in the budget year. Assume a 10 per cent cost of capital (discount rate).
Does it leave a trail of what happened? For example, if anyone has used QuickBooks, you can delete a journal entry if you make a mistake. Would it be preferable to reverse the entry rather than delete it?
You plan to deposit these funds in a bank account that pays 8% per year. Explain how much money you would have accumulated just after you make the 5th deposit?
Evaluate ending inventory and cost of goods sold under each method, and then compare results.
Belle opens an investment account on April 1, 2011. At that time she deposits $2,500 into her account. The account will earn 5% annually. If she repeats this deposit for the next 14 years, how much will she have in her account on March 31, 2026, (..
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