Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
TEST XQ's Software Development Division (SDD) has developed several architectural design software packages. One software package that they have developed is being sold to English Company for $250,000 or 325,000 pounds. The cost of developing the software was $195,000. As payment, XQ has accepted a note receivable that is due in 5 years.
SDD has also developed a second software package. They incurred development costs of $410,000. They are trading this software package in exchange for a small office building. The fair market value of this building is $600,000.
In an Excel spreadsheet, make the accounting entry on XQ's books for each software sale. Include 1-3 paragraphs discussing the accounting issues involved for each sale.Use $235,000 as the discounted value of the note receivable.
Rey uses the method prescribed in Part 1b, what adjusting journal entry must be made to recognize bad debts expense on June 30, 2012? (Round your intermediate calculation to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your re..
rondo and his business associate larry are considering forming a business entity called rampl but they are unsure about
Canoe Company uses a job order cost accounting system and allocates its overhead on the basis of direct labor costs. Canoe Company's production costs for the year were: direct labor, $30,000; direct materials, $50,000; and factory overhead applied..
How many of the above items will appear as a cash inflow from investing activities on a statement of cash flows for the current year?
during the current year george recognizes a 30000 section 1231 gain on sale of land and a 18000 section 1231 loss on
new lithographic equipment acquired at a cost of 718750 at the beginning of a fiscal year has an estimated useful life
the following information pertains to tanzi company. assume that all balance sheet amounts represent both average and
What is its new target variable cost per skier / snowboarder? Compare this to the current variable cost per skier / snowboarder. Comment on your results.
on january 1 2013 sweetwater furniture company leased office space under a 21-year operating lease agreement. the
The term Hispanic is an umbrella terms for people from many different Spanish-speaking cultures in the Western Hemisphere. Although the grouping includes a wide range of cultures there is evidence of the formation of a panethnic identity. What do ..
concert hall sells season tickets for six events at a price of 92. in pricing the tickets the planners assigned the
montgomery company purchased an electric wax melter on april 30 2013 by trading in its old gas model and paying the
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd