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A company is considering purchasing factory equipment that costs $480,000 and is estimated to have no salvage value at the end of its 8-year useful life. If the equipment is purchased, annual revenues are expected to be $135,000 and annual operating expenses exclusive of depreciation expense are expected to be $39,000. The straight-line method of depreciation would be used.If the equipment is purchased, the annual rate of return expected on this equipment is?
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Indicate the affect of the misstatement on Gentry Supplies Company's balance sheet and income statement for the year ended December 31, 2009.
How did the corporate culture of Enron contribute to its bankruptcy?: Please focus on Enron's lack of critical questioning of its accounting practices, and how it became necessary for a whistleblower to make Enron's questionable accounting practices ..
Imagine you are preparing a business s cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision?
joyful sound music company purchased the net assets i.e. assets minus liabilities of metrodome company for 845000.
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Record the transactions in the journal. Prepare the stock holders equity section of the Cohen Canoes Incorporated, balance sheet at May 31. The ending balance of retained earnings is $55,000.
Deana Moran is the owner of First Delivery Service. Recently, Deana paid interest of $3,600 on a personal loan of $60,000 that she used to begin the business. Should First Delivery Service record the interest payment? Explain.
what is fasbs stance on companies recording compensation expense for stock options plans? what method is preferable?
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