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Sanderson & benit construction inc. purchased equipment with a cost of $40,000 and a salvage value of $5,000 with a life of 5 years. The equipment is now fully depreciated. if the old equipment is exchanged for new equipment at a cash price of $42,000 with no appraisal of the new equipment, the entry for this exchange would debit the new equipment for : ( no trade in allowance) a) $42,000 b)47,000 c)$40,000 d) must get an appraisal.
Prepare the journal entry to record their issuance by The Gorman Group on June 30, 2011.
uribe company sells a single product that has variable costs of 14 per unit. fixed costs will remain constant across
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Before closing the books for the year ended December 31, 2010, Pitt Corp. prepared the following condensed trial balance:
Refer to the information for Botas Company on the previous page. The following activity data have been collected:
Natali Vision sells 5,000 pairs of sunglasses per month at $40 each with a desired profit margin of 25%. Fixed costs are $20,000. What is the variable cost per unit?
suppose a student has a 20000 credit card debt on january 1. the company charge 12 annual interest rate and it is
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Discuss at least three significant differences between IFRS and GAAP.
Assume the following information for Pexi Co., a U.S.-based MNC that is considering obtaining funding for a project in Germany: What is Pexi's cost of dollar-denominated equity?
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