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The majority of long-term assets consist of property, plant, and equipment and intangibles. These assets are capitalized on the balance sheet and depreciated on the income statement over their estimated useful lives.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Refer to the annual report of BANK OF AMERICA (BAC) to analyze. Research and answer the following:
1. What are the balances of net property, plant, and equipment on December 31, 2008 and 2009?
2. Referring to the notes to the financial statements, what depreciation methods didBANK OF AMERICAuse? What were the estimated useful lives of the assets? What kinds of intangible assets doesBANK OF AMERICAown?
3. What was the percent of net fixed assets compared to total assets forBANK OF AMERICAfor 2008 and 2009?
Emu Company, which was formed in 2010, had operating income of $200,000 and operating expenses of $120,000 in 2010. In addition, Emu had a long-term capital loss of $10,000.
Prepare an income statement and an owner's equity statement for the year. The owner did not make any new investments during the year.
on march 1 2013 stratford lighting issued 14 bonds dated march 1 with a face amount of 300000. the bonds sold for
Received $1,000 from customers as deposits on orders ofnew instruments to be sold to the customers in April. Complete the following statement.
dickinson inc uses a balanced scorecard. one of the measures on the scorecard is the percentage of revenue from repeat
The yield to maturity on the company's outstanding bonds is 9 percent, and its tax rate is 40 percent. Percy's CFO estimates that the company's WACC is 9.96 percent. What is Percy's cost of common equity?
katherine company sales budget has thefollowing unit sales projections for each quarter of calendar
carl warren tina chester owns and operates pinebush print co. during september pinebrush print co. incurred the
the account balances appearing on the trial balance below were taken from the general ledger of flops copy shop at
A company discovered in 2012 that it had overstated the inventory balance for Dec 31, 2010 by $10,000. The company had (incorrectly) reported Net Income to be $300,000 for 2010, and $400,000 for 2011. What should be the corrected Net Incomes for 2..
The accumulated depreciation account had a balance of $105,000 on January 1, 2008, using the straight-line method. The gain or loss on disposal is
Determine the present value, assuming that John desires a 10% rate of return on this investment.
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