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Rayburn Corporation purchased a new machine for $120,000. The machine has an estimated useful life of 10-years with no salvage value and a return on investment (ROI) of 15%. ROI is computed using annual cash flows and straight-line depreciation. What is the annual cash flow using the gross book value method?
Using the above information for ABC co., prepare a pension work sheet for 2008. Indicate (credit) entries by parentheses. Calculated amounts should be supported. Prepare the journal entries to reflect the accounting for the company's pension plan f..
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Miranda Company borrowed $100,000 cash on September 1, 2007, andsigned a one-year 6%, interest-bearing note payable. The required adjusting entry at the end of the accounting period, December 31,2007, would be
company abc was formed on january 1 2009 by selling and issuing 25000 shares of 12 par value common stock at 15 per
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1. why is the balance sheet considered a point in time statement? 2. what is a fiscal year? why might an organization
a company is negotiating with the bank for a 200000 90 day12 loan effective july 1 of the current year. if the
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