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Question - Clothing purchased land, paying $115,000 cash and signing a $270,000 note payable. In addition, Kingston paid delinquent property tax of $1,800, title insurance costing $ 900, and $4,600 to level the land and remove an unwanted building. Record the journal entry for purchase of the land.
Assume that the current market rate of interest is 3%. Calculate the value of the resulting discount or premium
Additional information: The number of average common shares outstanding during the year was 40,000. Compute the Current ratio and Working capital
1. In SWOT analysis, strengths and weaknesses are most easily identified by looking: A. At the firm as a potential customer. B. Inside the firm at its specific resources.
on february 1 2008 pat weaver inc. pwi issued 10 2000000 bonds for 2116000. pwi retired all of these bonds on january 1
Prepare breakeven analysis and a C-V-P analysis planning future sales using the information below. Breakeven Analysis and Planning Future Sales.
How many units must T-Tunes sell to break even? How many units must T-Tunes sell to make an operating profit of $240,000 for the year?
During June, employees at Briggs produced 860 transmitters and worked 1,935 labor hours at a total cost of $18,963. What is Briggs's labor rate variance
A piece of equipment is purchased for $40,000 and has an estimated salvage value of $1,000 at the end of the recovery period. Prepare a depreciation schedule.
The estimated residual value remained the same as estimated earlier. Calculate the depreciation expense for the year 2017
a company incurs 1350000 of overhead each year in three departments ordering and receiving mixing and testing. the
ussell Company has acquired a building with a loan that requires payments of $18,500 every six months for 3 years. What is the present value of the building?
Indicate whether each event is an asset source, use, or exchange transaction.
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