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Sinclair Company's accumulated depreciation-equipment increased by $6,000, while patents decreased by $2,200 between balance sheet dates. There were no purchased or sales of depreciable or intangible assets during the year. In addition, the income statement showed a loss of $3,200 from the sale of investments.Reconcile a net income of $92,000 to net cash flow from operating activities.
jeannie a single taxpayer retired during the year to take over the management of some rental property. she had the
as required to complete course project 1 one must follow the cycle that includes 10 steps to complete the accounting
relationships between financial statement items. shareholder made new contribution of 25.00 to the company during the
heartland paper company is considering the purchase of a new high-speed cutting machine. tow cutting machine
seacuts light lunches sells three soup and salad buffet lunches for every one sub sandwich lunch. the price for the
Lupa Inc. trades its used machine (cost $12,000 less $4,000 accumulated depreciation) for a new machine. In addition to exchanging the old machine (which had a fair market value of $9,000), Lupa also paid cash of $3,000.
brooklyn and bronx corporation decides to change from a c corporation to an s corporation. what are the advantages of
alexia corporation was organized on january1 2012. it is authorized to issue 10000 shares of 8 100 par value preffered
the following transactions and events occurred during the year. assuming that this company uses the indirect method to
Ford Software began with cash of $10,000. Ford then bought supplies $2600 on account. Ford paid $4600 for a computer. How much assets does he have? How much in liabilities does Ford owe?
david greenes muffler shop uses a normal costing system. overhead and labor hours were estimated at 42000 and 6000
Prepare a statement of financial condition for Mr. Holz as of December 31, 2008. Assume any gain on subsequent sale of the residence will not be tax-exempt.
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