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Land costing $76,614 was sold for $97,702 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
identify a local medium-sized service business in your community. Evaluate how you would implement a performance-focused ABC system in the company as described in the e-Activity.
Find the NPV and PI of a project that costs $1,500 and returns $800 in year 1 and $850 in year 2. Assume the project's cost of capital is 8 percent.
in peachtree you have to add a customer in order to record a sale. why? what would be key controls in peachtree that
john fillmores lifelong dream is to own his own fishing boat to use in his retirement. john has recently come into an
In an Advertiser's records, a newspaper ad submitted and publisdhed this week with the agreement to pay for it next week would:
sanchez corporation is considering three long-term capital investment proposals. relevant data on each project are as
A company's retained earnings on December 31, 2011 was $2,190,000 and its shareholders equity was $8,760,000.
fredonia inc. had a bad year in 2013. for the first time in its history it operated at a loss. the companys income
Smith, Inc. anticipates sales of 50,000 units, 48,000 units and 51,000 units in July, August and Septemeber, respectively. Company policy is to maintain an ending finished-goods inventory to 40% of the following months sales.
Longhorn Company reports current E&P of $100,000 in 20X3 and accumulated E&P at the beginning of the year of negative $200,000. Longhorn distributed $300,000 to its sole shareholder on January 1, 20X3. The shareholder's tax basis in his stock in L..
baumgardner companys bank statement from last national bank at august 31 2010 shows the following information.balance
five trucks were leased by pleasantville under terms qualifying as a capital lease. these trucks are to be used by the
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