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1. Mohave Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $315,000. The estimated fair values of the assets are land $60,000, building $220,000, and equipment $80,000. At what amounts should each of the three assets be recorded?
assume a nike outlet store began in august 20x0 with 40 pairsof running shoes that cost the store 40 each. the sale
madison industries has equivalent units of 4000 for materials and for conversion costs. total manufacturing costs are
which of the following journal entries correctly records the current months activity where 250000 of raw material was
Glaus desires a 10% rate of return on its investments. Jensen's incremental borrowing rate is 11%, and the lessor's implicit rate is unknown.
tonyu2019s favorite memories of his childhood were the times he spent with his dad at camp. tony was daydreaming of
Use the high-low method to estimate Ginburg's monthly fixed supervision cost and the cost per labor hour (i.e. assume Ginsburg uses machine hours as its measure of activity).
1. parent company owns 90 of the stock of subsidiary company.2. on 1102 subsidiary company purchased equipment at a
Analyze the difference between discretionary and nondiscretionary fiscal policy. Explain the effects of discretionary and nondiscretionary fiscal policy on governmental revenue and expenditures.
in 2013 x companys profits were 150000. in 2014 the selling price is expected to be 44.3 the variable cost per unit is
juanita martinez is ready to retire and has a choice of three pension plans. plan a provides for an immediate cash
on january 1 2013 phantom company acquires 320600 of spiderman products inc. 9 bonds at a price of 304931. the interest
Messersmith Company is constructing a building. Construction began in 2010 and the building was completed 12/31/10. Messersmith made payments to the construction company of $1,000,000 on 7/1, $2,100,000 on 9/1, and $2,000,000 on 12/31. Average acc..
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