User Account

All Pages

How much gross profit will apache recognize

Assignment Help Cost Accounting
Reference no: EM13554490

On July 1, 2013, Apache Company sold a parcel of undeveloped land to a construction company for $4,200,000. The book value of the land on Apache's books was $1,680,000. Terms of the sale required a down payment of $280,000 and 14 annual payments of $280,000 plus interest at an appropriate interest rate due on each July 1 beginning in 2014. Apache has no significant obligations to perform services after the sale.

How much gross profit will Apache recognize in both 2013 and 2014 applying the cost recovery method?

Reference no: EM13554490

Questions Cloud

Describe the three ingredients necessary for love : Describe the three ingredients necessary for love, according to Sternberg's triangle.
Explain the solubility of a compound x : How many grams of a compound "x" would be extracted by one 40.0 mL portion of ether from a solution of 40.0 mL of water containing 1.0 grams of compound "x"? The solubility of a compound "x" is 10.0/100 mL of ether and 5.0/100 mL of water.
Determine what beat frequency is heard : In certain ranges of a piano keyboard, more than one string is tuned to the same note to provide extra loudness. what beat frequency is heard when the hammer strikes the two strings simultaneously
Perspective about happiness : Write an essay about your own perspective about happiness
How much gross profit will apache recognize : Apache has no significant obligations to perform services after the sale - How much gross profit will Apache recognize in both 2013 and 2014 applying the cost recovery method?
Find the length of a side of the square : A room has a volume of 128 m3. An air-conditioning system is to replace the air in this room every twenty-three minutes, find the length of a side of the square
What is your estimate of the companys net earnings : Prepare a condensed income statement, including proper presentation of the discontinued motel operations and the extraordinary loss. Include all appropriate earnings per share.
Attitude or reasons for an important decision in life : Affected your attitude or reasons for an important decision in your life? Positive or negative?
Evaluate the magnitude and direction of the force on it : If a charge of ?2.20 ?C is placed at this point, what are the magnitude and direction of the force on it

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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