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ABC corporatoin accumulateddepreciation increased by $11,000, while patents decreased by$3,200 between consecutive balance sheet dates. There were nopurchases or sales of depreciable or intangible assets during theyear. In addition, the income statement showed a gain of $3,500from sale of land. Reconcile a net income of $45,000 to net cashflow from operating activities.
crystal telecom has budgeted the sales of its innovative mobile phone over the next four months as followssales in
in 2012 the orange furniture store an accrual method taxpayer sold furniture on credit for 1000 to sammy. the cost of
historical cost accounting is required gaap. therefore you first need to define those assets that can be reported at
sucher company uses a standard cost system in which manufacturing overhead costs are applied to units of product on the
Prepare Journal Entries for the government based on the production of fund-based financial statements. Than prepare JE entries in anticipation of preparing governement-wide financial statements. Before each JE state which fund the JE is recorded i..
1. an income statement shows income before income taxes and extraordinary items in the amount of 2740000. the income
rainbow mining co. acquired mineral rights for30000000. the mineral deposit is estimated at 75000000tons. during the
atlas steel company produces three grades of steel high good and regular grade. each of these products grades has high
How should you account for the difference between the carrying value and the purchase price in the consolidated financial statements for 2003?
in 2007 bauxite mining company purchased a bauxite mine for9000000. at the time of purchase bauxite estimated that
seattle transit ltd. operates a local mass transit system. the transit authority is a state governmental agency. it has
on january 2 2003 alexander together with a number of relatives and friends established chemlite inc. 500000 shares
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