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Question - Groupo sells goods to Magnus for $545,000 payment due in two installments, the first installment payable in 18 months and the second payment due 6 months later. The present value of the future payments is $510,700. What is the transaction price and when recognized?
Barney purchases a new warehouse building on May 16, 2016, for $6,000,000 (exclusive of the cost of the land). What is Barney's 2017 depreciation deduction
firm f must choose between two business opportunities. opportunity 1 will generate an 8000 deductible loss in year 0
Describe and explain weaknesses in the current accounts payable function (specifically dealing with the Wizard Finance corporate account) and recommend how each weakness can be addressed
What has been the effect of this practice on accounting? What is its relation to the accrual system? What influence has it had on accounting entries and methodology?
on january 1 2011 bradley recreational products issued 100000 9 four-year bonds. interest is paid semiannually on june
According to the bank statement, the bank balance as of October 31 was $8,765. Prepare the bank reconciliation at October 31
Prepare the consolidated statement of profit or loss and other comprehensive income for Parrot Ltd and its subsidiary at 30 June 2017
the lansing community college registrars office is considering replacing some canon copiers with faster copiers
scholes systems supplies a particular type of office chair to large retailers such as target costco and office max.
a. What is Tina's current year taxable income and income tax liability? b. Tina would like to lower her tax by incorporating Timely Turn Tables. How much income tax will she save if she incorporates TTT and pays herself a salary of $40,000?
During the year, total liabilities increased $230,000 and stockholders' equity decreased $90,000
harrison company makes two products. management expects the manufacturing overhead costs for the year to be 15000. the
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