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1. On January 1, 2011, Irwin Animation sold a truck to Peete Finance for $33,000 and immediately leased it back. The truck was carried on Irwin's books at $28,000. The term of the lease is 5 years, and title transfers to Irwin at lease-end. The lease requires five equal rental payments of $8,705 at the end of each year. The appropriate rate of interest is 10%, and the truck has a useful life of 5 years with no salvage value. Prepare Irwin's 2011 journal entries.
research a u.s. company in the service industry with e-commerce activities.write a six to seven 6-7 page paper in which
a. What costs are relevant to the decision to accept this special order? b. What would be the dollar effect on pre-tax income if this order were accepted?
wpc has excess production capacity and is considering the possibility of making and selling paging equipment. the
in its first month of operations giffin company made three purchases of merchandise in the following sequence 1 300
Classsify the following costs as variable (V), fixed (F), or semivariable (S) in terms of their behavior with respect to volume or level of activity.
when a company is wound-up all persons who ceased to be the shareholders within a year before the winding-up are placed
Journal entry for receiving $60,000 in safety product inventory and $40,000 in raw material .
A firm has purchased, for 50,000 FCs, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is the final recorded value of the payable if the two-trans..
Apr.17 Purchased 20,000 shares of Company W common stock for $395,000 plus a brokerage fee of $3,500. The shares represent a 30% ownership in Company W.
on march 1 2016 gold examiner receives 158000 from a local bank and promises to deliver 96 units of certified 1-oz.
alberta gauge company ltd. a small manufacturing company in calgary alberta manufactures three types of electrical
Prepare journal entries to record the following transactions entered into by Harper Company:
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