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Simpson Auto Body Repair purchased $20,000 of Machinery. The company paid $8,000 in cash at the time of the purchase and signed a promissory note for the remainder to be paid in four monthly installments. How will this transaction affect the accounting equation?
xyz company uses the lifo method for inventory costing. the company reported total inventory of 441 million on their
Determine the taxpayer's gross income for tax purposes in each of the following situations. Olga, a cash basis taxpayer, traded a corporate bond on accrued interest of $300 for corporate stock with fair market value of $11,000 at the time of the ex..
a company uses the weighted average method for inventory costing. during a period a production department had 54000
Name the steps in completing the accounting cycle and explain how they impact the financial statements. What happens is a step is missed? Explain.
leno company manufactures toasters. for the first 8 months of 2014 the company reported the following operating results
write a thorough discussion of the following capital expenditure valuation methods payback discounted payback net
describe cash flows from financing activities and provide three examples of cash inflows and three examples of cash
Assume that the company declares and immediately distributes a 100%stock dividend. Find the retained earnings balance and the total stockholders equity? and also the shares outstanding.
the wade division of geisler corporation has a current roi of 20 percent. the company target roi is 13 percent. the
If variable overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then?
Although White fully expects to earn in excess of $100,000 in year 2 and year 3, the company believes it is more likely than not that it will incur a loss after year 3. The enacted tax rate is 25% in current and future periods. What will White rec..
peach co. acquired 80 of the common stock of float corp. for 1600000. the fair value of floats net assets was 1850000
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