User Account

All Pages

Ohave inc purchased land building and equipment from

Assignment Help Accounting Basics
Reference no: EM13588219

Ohave Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $374,850. The estimated fair values of the assets are land $71,400, building $261,800, and equipment $95,200. At what amounts should each of the three assets be recorded?

Reference no: EM13588219

Questions Cloud

The latest order that generated discussion among plant : brunswick parts is a small manufacturing firm located in eastern canada. the company founded in 1947 produces metal
Clopack company manufactures one product that goes through : clopack company manufactures one product that goes through one processing department called mixing. all raw materials
In addition the controller asks you to send an additional : you have been assigned to the confirmation of aged accounts receivable for the blank paper company audit. two of them
What are the criteria for classifying a lease as operating : what are the criteria for classifying a lease as operating or capital? why is there a difference between the two? what
Ohave inc purchased land building and equipment from : ohave inc. purchased land building and equipment from laguna corporation for a cash payment of 374850. the estimated
A friend of yours is a biotech scientist who is developing : a friend of yours is a biotech scientist who is developing a method of cloning certain antibodies. you have estimated
Arcia corporation purchased a truck by issuing an 108000 : arcia corporation purchased a truck by issuing an 108000 4-year zero-interest-bearing note to equinox inc. the market
Assume famps offers a deal whereby enrolling in a new : 1.assume famps offers a deal whereby enrolling in a new membership for 700 provides a year of unlimited access to
Boyne inc had beginning inventory of 13320 at cost and : boyne inc. had beginning inventory of 13320 at cost and 22200 at retail. net purchases were 133200 at cost and 188700

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a 2014 income statement through gross profit for

giovanni company produces a product that requires four standard gallons per unit. the standard price is 34.00 per

  Colts company manufactures three products from a joint

colts company manufactures three products from a joint process. joint costs for the year amount to 500000. the

  The websites of procter & gamble and harley davidson

Visit the websites of Procter & Gamble and Harley Davidson

  Present value of future sales

A new ice cream machine has been added to Dairy Queen - It is expected to add $100,000 in sales in year 1 increasing by $25,000 per year thru year 10 ( 10years total) what is the present value of these future sales if interest is 8%

  Island novelties inc of palau makes two products hawaiian

island novelties inc. of palau makes two products hawaiian fantasy and tahitian joy. present revenue cost and sales

  Examine the legal liability

Examine the legal liability an accounting professional has, including how a CPA is protected.

  Gammell inc reported net income of 40000 for 2009 the

gammell inc. reported net income of 40000 for 2009. the income tax return excluded an expense item of 3000 because

  Describe the functions of managerial accounting

A VP of operations has asked you to make recommendations at the weekly status meeting on how to improve the efficiency and effectiveness of each producing sub processes individually and as a whole.

  The companys controller believes that the company should

tempe mechanical company manufactures and sells a specific type of corrosion resistant flange. the following costs are

  Determine the amount of indirect manufacturing costs

in the past the company a allocated indirect manufacturing costs based on direct labour hours. recently management has

  Raw materials inventory account problem

The Raw Materials Inventory account is 1. debited for purchase discounts taken. 2. debited for invoice costs and freight costs chargeable to the purchaser.

  Diminishing marginal rate of substitution

Two points on an indifference curve that displays a diminishing marginal rate of substitution between cookies and brownies are: 8 cookies and 2 brownies and 6 cookies and 4 brownies.

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