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Alejandra Co. manufactures several types of beers. Alej has identified the following activities: a. inventory control b. purchasing c. receiving d. employee training e. machine setups f. brewing g. packing and shipping. Instructions: classify each activity as vallue-added or non-value-added. Activity & classification a thru g.
Objective questions in accounting, Accounting is an information and measurement system that identifies, records, and communicates financial information to users. External users of accounting information include
Donaldson Company can acquire a $650,000 machine now that will benefit the firm over the next 9 years. Annual savings in cash operating costs are expected to total $105,000. If the hurdle rate is 12%, the investment's net present value is?
What is the purpose of a bank reconciliation?
on may 1 2011 newby corp. issued 600000 9 5-year bonds at face value. the bonds were dated may 1 2011 and pay interest
1. paid the rent for the next six months.a an asset would be debited and an expense credited.b an asset would be
The land contributed by Ashley was encumbered by a $40,000 nonrecourse debt. Assume the partners share debt equally. Immediately after the formation, the basis of Ashley's partnership interest is:
describe the accounting controls you would expect to find in the purchasing system of a high street retail company and
the sunflower inc makes and sells tasty hamburgers for 8 per unit with a unit variable cost of 6. all sales are for
Previn Brothers Inc. purchased land at a price of $27,000. Closing costs were $1,400. An old building was removed at a cost of $10,200. What amount should be recorded as the cost of the land?
1. zanny electronics companyuses a standard cost system to collect costs related to the production of its water ski
When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should be ??
Was the painting used in a trade or business? Was the painting depreciable (not held for sale in the ordinary course of the taxpayers business and not held for investment)?
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