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On January 1, 2014 Behrend acquired a parcel of real estate that included land and a building for a negotiated price of $19,870,000. Before purchasing the property, Behrend paid $30,000 for an appraisal. Behrend also incurred closing costs of $100,000. The appraisal estimated fair value of the land at $19,800,000 and the building at $2,200,000.
Required: Assuming Behrend occupies the building, record the real estate acquisition using the accounting equation format.
on april 1 2011 warm universe issued 8 bonds dated april 1 2011 with a face amount of 10000000. the bonds mature in
Provide a short description of each transaction. Include the amounts in yourdescriptions.
Discuss whether generally accepted accounting principles provide the proper information useful to managers and investors in this situation.
If Zanda normally sells 265,000 pounds of depryl per year, what will be the difference in profits if depryl is processed further?
corin corporation is considering the purchase of a machine that would cost 420000 and would last for 8 years. at the
Compute Montclair's (a) present debt-to-equity ratio and (b) the debt-to-equity ratio assuming it borrows $680,000 to fund the project
Prepare a new contribution format income statement under each of the following conditions (consider each case independently):
Develop a budget template for the project in your scenario - Develop a BSC which includes your suggested KPIs in the four BSC categories for the project in your scenario.
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Prepare a purchases budget for the first quarter of 2011 in units, in total, and in dollars. Determine the budgeted payments for purchases of raw materials for each of the first three months of operations and for the quarter in total.
The cost of the merchandise sold is $38,000. Sombrero Co. issues acredit memo for $13,300 for merchandise returned and subsequently receives the amount due within the discount period. The cost of the merchandise returned is $8,000.
The ledger of Welch Rental Agency Inc. on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared.
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