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A leak in an underground storage tank belonging to Company B contaminated the adjacent property belonging to the ABC company. The approximate cost to repair the damage is $50,000 and Company B's insurance should reimburse Company B for the costs except for the deductible of 10,000.For this situation, what amount should be recorded by Company B as a contingent liability, if any?
betty whose tax rate is 33 is in the business of breeding and racing horses. except for the transactions below she has
discuss the major factors considered in determining what depreciation method to use. 2 discuss under what conditions is
The extent of the company legal and financial responsibility for this accident, if any, can't be determined at this time.
Foreaker LLC sold a piece of land that it uses in its business for $52,000. Foreaker bought the land two years ago for $42,500. What is the character of Foreaker's gain?
John Ballard works eight hours a day, five days a week. Each order is one window and each window takes 26 minutes. What is the average waiting time, in minutes?
crystal arts inc. had earnings of 428900 for 2014. the company had 50000 shares of common stock outstanding during the
department a had 1000 units in work in process that were 60 completed at the beginning of the period at a cost of 7000.
chambers company produces blankets. from its accounting records it prepares the following schedule and financial
on march 31 2014 roseo company paid 6000000 to acquire all of the common stock of drive incorporated which became a
at the beginning of the current period griffey corp. had balances in accounts receivable of 232200 and in allowance for
ales revenue $450,000; Other revenues and gains $50,000; and Operating expenses $75,000. Assuming a corporate tax rate of 30%, prepare an income statement for the company.
janus products inc. is a merchandising company that sells binders paper and other school supplies. the company is
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