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A company bought a new display case for $42,000 and was given a trade-in of $3,500 on an old display case, so the company paid $38,500 cash with the trade-in. The old case had an original cost of $35,500 and accumulated depreciation of $28,000. The company should record the new display case at?
Prepare the entry to record the weekly payroll and the costs and liabilities related to the bonus and the vacation pay, assuming that Vance is the only employee
Waves Company purchased a patent for $170,000 at the beginning of 2011, and estimated that its expected useful life was 10 years. The patent has a legal life of 17 years. What amount should be recorded as amortization expense for the patent in 201..
Bamber partnership reports $60,000 of ordinary income for its current tax year. As a result of partnership transactions, what does each partner report on his individual tax return for the current year?
sycamore company uses a certain part in its manufacturing process that it buys from an outside supplier for 37 per part
What journal entry should be made at the beginning of the fiscal year to reestablish the Encumbrances account of a capital projects fund for a multi-year capital project?
Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for each..
Master Card has a series of cute commercials that list a series of accounting items and costs leading to the priceless product. Cell phones are often advertised as being free.
Jaclyn is going to the company's primary bank to negotiate a line of credit and wants to show the maximum amount of income without actually changing last year's results. What costing method of inventory(variable or absorption) should she choose? W..
what is the effect of the adjusting entry for depreciation expense?the entry increases total liabilities and increases
russell preston delivers parts for several local auto parts stores. he charges clients 0.78 per mile driven. russell
what was the average cost per public school student reported as of june 30 2011 what is the states primary governments
What are the different types of financial ratios used to analyze financial performance? Are some ratios more important than others? Why? Which ratios are important to creditors? Investors? Managers? Why?
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