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Quillen compnay is performing a post-audit of a project completed one year ago. the initial estimates were that the project would cost $250,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $46,000 per year. now that the investment has been in operation for 1 year; revised figures indicate that it actually cost $260,000, will have a useful life of 11 years, and will produce net annual cash flows of $39,000 per year. evaluate the success of the project. assume a discount rate of 10%.
Norek Corp. owned 70% of the voting common stock of Thelma Co. On January 2, 2006, Thelma sold a parcel of land to Norek. The land had a book value of $32,000 and was sold to Norek for $45,000.
Brittle Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the third quarter of the current year.
if you had to choose a type of bond for your company to issue which would you choose? how would you determine the sales
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amdahl corporation manufactures large-scale high performance computer systems. in a recent annual report the balance
Which method of accounting (GAAP or IFRS) do you more closely agree in concerning the allocation of purchase price? Explain your rationale.
branch company a building materials supplier has 18000000 of notes payable due april 12 2010. at december 31 2009
holly inc reports warranty expense when related products are sold. for tax purposes the warranty costs are deductible
The second was furniture with an original basis of $24,000 placed in service during the first quarter, currently in the fourth year of depreciation, and under the mid-quarter convention. What is Bonnie Jo's depreciation expense for the current yea..
streit inc. provides business security systems. in an effort to increase revenue the sales manager has begun
you have won a lottery. you will receive 200000 after taxes each year for the next 5 years. describe the process you
mississippi company has two decentralized divisions illinois and iowa. illinois always has purchased certain units from
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