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The Gladys Corporation buys office equipment costing $426,000 on May 12, 2013. In 2015, new and improved models of the equipment make it obsolete, and Gladys sells the old equipment for $340,000 on December 27, 2015. What is Gladys Corporation’s gain or loss on the sale assuming that Gladys does not take the maximum cost-recovery deduction allowable on the equipment?
Corporation has $10 par value common stock with 1000000 shares authorized, and a value of 7000000 before purchasing 3000 shares of common stock. the resulting number of common shares issued and outstanding is?
The following information is given for Alpha and Beta Divisions of Fraternity Corporation. If Fraternity Corporation uses ROI to evaluate division managers, and uses historical cost as the investment base, compute the ROI for Alpha and Beta.
there are 10 sheets in the workbook including this one. all of the information you need for the project is located in
Ken a salaried employee, was terminated from his company in Aprilof this year. Ken refused to return the four extra checks. What actions should the company take?
Laurie has a brokerage account at Dean Schwab, Inc. She makes investments on margin through this account. During the current year, she incurs $10,000 in margin interest in the account. Income generated through the brokerage account was.
An increase in the bonds payable account of $200,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as:
the cost formula for the maintenance department of rainbow. ltd. is 19400 per month plus 7.7 per machine hour used by
What is the difference between: unit-level, batch-level, product-level, and facility-level activities?
What are the annual net cash inflows that will be provided by the new dipping machine? Compute the new machine's net present value. Use the incremental cost approach.
organizations are susceptible to an array of crises. there are different types of threats with no one way to manage
A process with no beginning work in process, completed and transferred out 14,000 units during a period and had 7,000 units in the ending work in process that were 50% complete. How much is equivalent units of production for the period for convers..
1. Mary owns a drapery business and in 2014 sold three sewing machines for $6000. She purchased the machine for $5000 in 2012 and claimed depreciation of $3000. What are the amount and the correct nature of Mary's gain?
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