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Question - A company's income statement for the year ended 31 December 20X5 showed a net profit of $83,600. It was later found that $18,000 paid for the purchase of a motor van had been debited to the motor expenses account. It is the company's policy to depreciate motor vans at 25% per year on the straight line basis, with a full year's charge in the year of acquisition.
What would the net profit be after adjusting for this error?
Suppose you work in a senior management position for a large corporation. A member of your team has suggested that your company outsource the help desk functions. Would you support a plan to outsource your help desk? Support your answer.
The balance sheet pulls pieces of the other financial statements into its layout. What are those pieces and do they pull the focus from the other statements into the balance sheet? Anyone else have thoughts on this--how do the statements interact ..
tvm consulting bought new building for its headquarters in the year 2000. the purchase cost was 723198 dollars and in
madlem inc. produces and sells a single product whose selling price is 240.00 per unit and whose variable expense is
Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method?
A $500 purchase of merchandise on account from Lore Company was properly recorded in the purchases journal. When posted, however, the amount recorded in the subsidiary ledger was $50.
What is net income (ignoring income taxes) after making any necessary trading security adjustments?
control alt design acquired 30 of the outstanding common stock of walter company on january 1 2012 by paying 800000
1. The weighted-average cost of capital for a firm with a 65/35 debt/equity split, 8% pre-tax cost of debt, 15% cost of equity, and a 35% tax rate would be:
on january 1 2009 seldon issues 450000 of 10 15 year bonds at a price of 93 14. six years later on january 1 2015
Sally Golfo, a registered nurse, opens a business called Sally Elder Care. Golfo plans to care for the elderly herself in a facility that she will rent.
medow inc is considering purchasing equipment cost 10000 with a 5 year useful life. the equipment will provide cost
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