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The equipment that was bought had a fair market value of $450,000, but the actual purchase price was $400,000. They signed a 5-year 6% note payable and paid $150,000 cash. How do I record this as a journal entry.
The return on MBS is independent of the default rate on the underlying mortgages. True or false and why?
given the following information compute the current and quick ratioscash 100000accounts receivable 357000inventory
What is the difference in treatment when an incoming partner purchases an interest by agreeing to perform services for the partnership and the partnership (1) gives a 25% interest in the capital of the partnership,
The market value of Lake Corporation's inventory has declined below its cost. Vickie Maher, the controller, wants to use the allowance method to write down inventory because it more clearly discloses the decline in market value, and it does not di..
micro technology is considering two alternative proposals for modernizing its production facilities. to provide a basis
Due to an increase in demand, the company estimates that sales will increase by $53,000 during the next year. By how much should net operating income increase (or net loss decrease) assuming that fixed costs do not change?
Building an Income Statement, During the year, the Senbet Discount Tire Company had gross sales of $1.06 million. The firm's cost of goods sold and selling expenses were $525,000 and $215,000, respectively. Senbet alo had note payable of $800,000...
Parent Corporation acquired 75 percent of Signature Company's voting stock on January 1, 201X, at underlying book value. The fair value of the noncontrolling interest was equal to 25 percent of the book value of Signature at that date. Parent uses th..
Identify a suitable ERP systems for a state University. What are the primary modules and functions of each.
1. indicate the best answer for each question in the space provided.1 examples of value-added activities include all of
What was the total amount of manufacturing costs assigned to the 5,000 units in the ending work in process?
Eastern Pacific Company sells a single product for $34 per unit. If variable expenses are 65% of sales and fixed expenses total $12,800, the break-even point in quantity and dollar($) will be:
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