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On November 15, Johnson Repair Service extended an offer of $35,000 for land that had been priced for sale at $43,000. On December 8, Johnson Repair Service accepted the seller's counteroffer of $37,000. On December 30, the land was assessed at a value of $50,000 for property tax purposes. On April 1, Johnson Repair Service was offered $60,000 for the land by a national retail chain. At what value should the land be recorded in Johnson Repair Service's records?
Conduct research on the selected securities (Ford and UPS) Analyze the organizations' 10K and investment reports, general economic data, and Federal Reserve data.
the following is a statement by a management consultantmany managers claim that budgets are impractical because
A forensic accountant should acquire a behind-the-scenes understanding of network traffic on the Internet. An understanding begins with Internet protocols. Explain Transmission Control Protocol (TCP) and Internet Protocol (IP).
on march 1 2013 stratford lighting issued 14 bonds dated march 1 with a face amount of 300000. the bonds sold for
A) Determine the cash disbursement for manufacturing overhead for November. B) Detetermine the predetermined overhead rate for November.
In the current year, Spring Corporation, a closely held personal service corporation, has $120,000 of passive losses, $70,000 of active business income, and $50,000 of portfolio income. How much of the passive loss may Spring deduct in the current..
If the recorded value of a note differs from the face value: a. Explain how the company should account for the difference. b. Explain how the company should present this difference in the financial statements.
equity transactions. presented below is information related to wyrick company1. the company is granted a charter that
jake marley owner of marley wholesale is negotiating with the bank for a 200000 90 -day 12 percent loan effective july
harwichport company has a current ratio of 3.0 and an acid-test ratio of 2.8. current assets equal 210000 of which 5000
Syntech is offered credit terms of 2/10, net 40, but decides to forego taking the cash discount and pays on the 45th day. What is Syntech's cost of foregoing the cash discount?
1. What effects does stock-based compensation have on the financial statements of an entity? 2. How does this affect the investor's opinion of a company? 3. What advantages or problems due to you see with this type of payment?
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