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On sept 2, 2011, barbie purchased a new car (3900lbs) that cost $25,000. Usage was 25% personal and 75% business. Barbie already used her 179 expensing on other assets. How much is her maximum cost recovery deduction?
Misty's only business purchase this year was a new computer system that cost $32,000 and was purchased on November 11, 2011. Misty doesn't want 179 expensing or the 100% expensing. How much is the cost recovery deduction?
doaktown products manufactures fishing equipment for recreational uses. the miramichi plant produces the companys two
During the current year, merchandise is sold for $275,000 cash and $990,000 on account. The cost of the merchandise sold is $950,000. What is the amount of the gross profit?
Company began operations on January 1, 2010, and appropriately uses the installment method of accounting. The following data are available for 2010:
the cost of direct materials transferred into the filling department of rose petal lotion company is 18400. the
To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received has been recorded. The population for this test consists of all:
jameson company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs.
since property plant and equipment ppe and long-term investments in stock represent a companyu2019s investment why do
at the end of 2012 extreme fitness has adjusted balances of 830000 in accounts receivable. on january 2 2013 the
purple feet wine inc. receives an average of 16000 in checks per day. the delay in clearing is typically three days.
When preparing a statement of cash flows (indirect method), which of the following is not an adjustment to reconcile net income to net cash provided by operating activities?
on july 1 2011 atwater corporation issued 2000000 face value 10 10-year bonds at 2271813.this price resulted in an
From the perspective of the Computer Desk Division and the company, should the order be accepted if the Executive Division plans on selling the desks in the outside market for $420 after incurring additional costs of $100 per desk?
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