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Make the journal entry (or entries) necessary to record the following transaction: Sold land that had an original cost of $50,000. Received $40,000 cash. Also received a piece of equipment with a fair value of $75,000.
Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period is 10 days and the lead time is 6 days. At the time of review there are 50 units in stock.
Moped, Inc. purchased machinery at a cost of $22,000 on January 1, 2011. The expected useful life is 5 years and the asset is expected to have salvage value of $2,000. Moped depreciates its assets via the double-declining balance method.
global computer corporation manufactures its laptops in asia and sells laptops internationally. the company produces a
The parent company's share of the fair value of the net assets of a subsidiary may exceed acquisition cost. How must this excess be treated in the preparation of the consolidated financial statements? What is the reasoning that supports this treat..
during february 2010 its first month of operations the owner of schwenn enterprises invested cash of 25000. schwenn had
a review of the balance sheet of a retailer such as wal-mart will disclose that in current assets the majority
on january 1 2008 blair corporation purchased for 500000 atract of land site number 101 with a building. blair paid a
Carolina Mills purchased $280,000 in supplies this year. The supplies account increased by $30,000 during the year to an ending balance of $71,000. What was supplies expense for Carolina Mills during the year?
1.shake corporation has several current notes receivable on its year-end balance sheet. while collection seems certain
Determine the inventory value using both the temporal and current methods. Show how this will be reflected on Royal Tea's statements and the consolidated statements of U.S. Beverages. Use the following information for this calculation:
1. journalize the following accrued expense transactionsa. xyz company purchased a one-year insurance policy on august
flip earns a salary of 7500 per month during the year. fica taxes are 8 on the first 100000 of gross earnings. federal
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