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A company purchased property for $115,000. The property included a building, equipment and land. The building was appraised at $68,000, the land at $48,000, and the equipment at $21,000 for a total appraised value of $137,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.)
$0
$57,040
$115,000
$68,000
Purpose a Statement of Cash Flows for Arte's Gallery for the year ended 30 th June 2012 using the preformed provided. Show all calculations.
Calculate the cost of capital for the individual components in the capital structure, and then calculate the weighted average cost of capital for Metacorp. Consider after-tax cost of capital in your calculations.
Swimkids is a swimsuit manufacturer. They sell swim suits at a selling price is $30 per unit. Swimkids variable costs are $18 per unit. Fixed costs are $85,000. Swimkids expects sales of $279,800 next year. What is Swimkids's margin of safety?
A comprehensive or overall formal plan for a business that includes specific plans for expected sales, the units of product to be produced, the merchandise or materials to be purchased, the expense to be incurred, the long-term assets to be purchased..
In a tender offer, Alpha Corporation wants to exchange its voting common stock for all of Theta Corporation's single class of stock. Only 85% of Theta's shareholder agrees to tender their shares. After the tender, what options exist for Alpha to requ..
To finance construction of the building, a $600,000 10% construction loan was taken out on February 1. The loan was repaid on November 1. The firm had $200,000 of other outstanding debt during the year at a borrowing rate of 7%.
In the business world, firms acquire other companies all the time. However, the questions arises how is the merger paid for. In this Journal you will be looking at how outside ownership benefits from either accepting a cash buyout or stock in the par..
Clem is married and is a skilled carpenter. Clem's wife, Wanda, works part time as a substitute grade school teacher. Determine the amount of CLem's expenses that are deductible for AGI this year (if any) under the following independent circumstances..
Sparks Company’s SUTA rate for next year is 3.25% because its reserve ratio falls into the state's 10% to less than 12% category [(contributions - benefits paid) ÷ average payroll = $414,867 ÷ $3,521,790 = 11.78%]. what would be the least amount of t..
Prepare a departmental income statement for 2015. Prepare a departmental contribution to overhead report for 2015.
multiple choice questions on accounts receivables and inventory.1.all of the following are anticipated effects of a
What would a company using an activity-based management approach attempt to do in regard to activities that add value to the product and those that do not?
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