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On January 1, 2010, James Company leased a machine for 10 years that could have been purchased for $100,000. The lessor used an implicit interest rate of 10 percent in determining the lease payments of $14,795, the first of which was made when the lease was signed. If James is aware of the lessor's implicit interest rate, what entry should James record as an asset on its books on January 1, 2010?
sensitivity analysis using excellane construction ltd. is considering the acquisition of a new eighteen wheeler.-the
in recent years farr company has purchased three machines. because of frequent employee turnover in the accounting
on july 1 2010 spahn co. pays 18000 to randle insurance co. for a 3-year insurance contract. both companies have fiscal
caterpillar is the largest industrywho makes construction equipment. company is interesting to build anew crain which
1.odaine also disclosed that bad debt expense was 1200 in 2012 and 990 in 2011. there were no recoveries of
from the e-activity examine the importance of the audit committee oversight related to the quality of the internal
David organizes White Corporation with a transfer of land (basis of $200,000, fair market value of $600,000) that is subject to a mortgage of $150,000.
ROSS is considering a $6M Series A investment in Newco. ROSS proposes to structure the investment as 3M shares of convertible preferred stock.
Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units, and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product?
Journalize the six entries that adjust the accounts at December 31. One of the accounts was affected by two different adjusting entries.
for a financial statement of year 2006 sale was 400000 and a identified loss of 40000. again for year 2007 sale was
hal gore won a 1 million prize for special contributions to environmental research. this prize is awarded for public
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