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Under GAAP, when a company installs safety and/or environmental devices in excess of what the law mandates, it is treated as part of the asset. However; under IFRS these additional expenditures must be expensed immediately. Which method do you prefer? Explain your answer. Also, discuss the implications?
Equestrain Roads sold $50,000 of goods and accepted the customer's $50,000 10% 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the debit in this journal entry to record the sale?
april and may formed a partnership on january 1 2011. april contributed 180000 cash and equipment with a market value
the sun valley corp. has expected demand of custom engines of 1000 engines. ordering cost per purchase order is 400.
entries for issuing and calling bonds loss polders corp. a wholesaler of office equipment issued 14800000 of 20-year 10
Young corporation issued 2,000 shares of $25 par value common stock and 300 shares of 13% par value preferred stock for cash at par value. How do i record the journal entry?
Determine the amount of net income for April, assuming that no additional capital stock was issued and no dividends were paidduring the month
joes supply co. has the following transactions related to notes receivable during the last 2 months of 2014. nov. 1
the 2.0 kg mass is heading toward a ramp-there is no friction anywhere. notice that at the top right theres a relaxed
Develop a linear programming model that will enable HTS to allocate technician time between regular customers and new customers.
provide an example of the depreciation concept using the following data. a new piece of equipment was purchased for
ollie mace has recently been appointed controller of s. dilley amp company a family-owned manufacturing firm founded 28
prepare a cash receipts journal based on the information given below and post it to the accounts receivable subsidiary
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