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1. On January 1, 2010, Lombard Co. sells property for which it had paid $690,000 to Sergeant Company, receiving in return Sergeant's zero-interest-bearing note for $1,000,000 payable in 5 years. What entry would Lombard make to record the sale, assuming that Lombard frequently sells similar items of property for a cash sales price of $640,000?
Vera's job in publishing requires her to seek out new writers. She has chosen a bunch of talented writers, but none of them seem to get chosen for publishing. She thinks this has something to do with conflicts in management. How would you describe..
lam enterprises issued 100000 face value 5 coupon 4-yearbonds on january 1 2007. the bonds were sold to yield 6 and
What is Jose's cost basis for the delivery van - Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $24,500.
sandstrom corporation has an extraordinary loss of 150000 an unusual gain of 105000 and a tax rate of 40. at what
alameda service center just purchased an automobile hoist for 15300. the hoist has a 5-year life and an estimated
marissa inc has a contribution margin of 40 and fixed costs of 220000. what sales revenue is needed to attain a 60000
A hospital orders its thermometers from a hospital supply firm. The cost per thermometer depends on the order quantity Q, as shown in the file P12_58.xlsx.
Assume that the risk-free rate is 6 percent and the expected return on the market is 13 percent. What is the required rate of return on a stock that has a beta of 1.2?
some disclosure notes are not always applicable to every business. However some are required to be included with financial statements. Which disclosures are required?
if the contribution marginratio is 32 target operating income is 60000 and the sales revenue needed to achieve the
On Dec.1 declared a $0.50 Per share cash dividend to shockholders of record on Dec.14, payable January 10, 2010. Why is cash and Paid in capital from Treasury stock, both debit?
dorough pointers inc expects to begin operations on january 1 2009 it will operate as a specialty sales company that
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