Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Nonmonetary Exchange Alatorre Corporation, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine. Before long, the accountant, who had never before seen such a machine, managed to break the machine. Alatorre Corporation gave the machine plus $320 to Mills Business Machine Company (dealer) in exchange for a new machine. Assume the following information about the machines.
Alatorre Corp. Mills Co.(Old Machine) (New Machine)Machine cost $290 $270Accumulated depreciation 140 -0-Fair value 85 405
For each company, prepare the necessary journal entry to record the exchange. (The exchange has commercial substance.)
The lessee had the option to purchase the machine at the end of the lease term for $100,000 when it was expected to have a residual value of $160,000. Calculate the amount of the annual lease payments.
the following adjusted trial balance contains the accounts and balances of cruz company as of december 31 2013 the end
Net Income and Net Operating Cash Flows are both important indicators of the health of a company. But why are they different? What do they have in common, and what makes them so important? Is there a relationship with the other sections of the cas..
When a project has multiple internal rates of return? The cost of capital does not reflect any market related risk of the project, or "beta."
one for $1,500 which represents a collection of an account receivable that the bank made for Osborn and one for $70 which represents the amount of interest that Osborn had earned on its interest-bearing checking account in June. Based on this info..
while state and local governments are encouraged to prepare a complete cafr what are the minimum requirements per gaap?
1. pay 238000 to lessor co. as 1st annual payment on the signing of a 3-year noncancelable computer lease to begin 111.
Determine the carrying value (face value less discount or plus premium) of the bond liability as of December 31, 2013.
The company mostly sells on a retail basis to household consumers, but occasionally receives large orders for tables and chairs from schools and businesses.
Describe the advantages and/or disadvantages of accepting a lower pay and/or lower title position. Provide practical information/ research to support your decision.
The Arcs have 2 children, a son named Billie Bob (SSN 598-01-245), who is 7 years old. A daughter name Mary Sue (SSN, who is 4 years old.
Draw Jim's budget line (throughout, please put coffee on the vertical axis)-Use a budget line-indifference curve map analysis to explain which pricing scheme Jim prefers.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd