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A firm sold an investment in securities available for sale originally costing $30,000, for $28,000. At the beginning of the year, the investment had a valuation allowance of $3,000, debit. What is the correct disclosure for these events in the statement of cash flows prepared under the direct method, assuming this is the only investment in securities available for sale?
food to go delivery service disposed of one of their delivery cars after using it for two years. the records of the
You are asked to make a depreciation schedule for a business asset. A depreciation schedule shows the remaining value of the asset at the end of each time period. Create a depreciation schedule for each of the following
What entries would be made on the investor's books for the receipt of the first two interest payments, assuming premium or discount amortization on each interest date by (a) the straight line method and (b) the effective interest method.
After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $846,972, what was the retained earnings on its balance sheet on July 1, 2010?
the total of the individual customer account balances should equal the balance in accounts receivable which is
1.In your own words, please distinguish between direct and indirect expensesand identify bases for allocating indirect expenses to departments.
Compute Hanson weighted
Differences between actual overhead and the amount applied are a normal part of job order costing and will average out over the next year.
What is the remaining obligation on January 1, 2010 afterthe first payment has been made?
Determine the amount of interest expense the restaurant will report on the June pro forma income statement. What amount will his restaurants report as interest expense on the July proforma income statement?
The accounts below appear in the ledger of Anita Baker Company
At the end of the first year of operations, 7,500 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows.
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