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Alamos Co. exchanged equipment and $18,300 cash for similar equipment. The book value and the fair value of the old equipment were $81,100 and $91,800, respectively.Assuming that the exchange lacks commercial substance, Alamos would record a gain/(loss) of:
a. $(10,700).b. $29,000.c. $ 0.d. $ 10,700.
goodwill of a firm is valued at three years purchase of the average profits of the last 5 years. the profits are as
a. What is the net present value of this investment opportunity? b. Based on your answer to (a) above, should Axillar go ahead with the new conditioning shampoo?
accounting practices for interest expenditures may neither reflect actual economic cost nor mirror those for interest
Prepare the entry for the dividend declaration, separating the dividend into the common and preferred portions.
mozena corporation has collected the following information after its first year of sales. sales were 1500000 on 100000
How does the nature of law, and the nature of ethical expectations, combine to create challenges for business? How did a change in the view of "prudence" impact the discussion of "business ethics"?
What should be the amount of the gross levy for property taxes and Show all computations in good form.
Write an article
a company reported sales of 100000 cost of goods sold of 60000 selling general and administrative expenses of 15000 and
Adria Lopez of Success Systems is evaluating her inventory to determine whether it must be adjusted based on lower of cost or market rules.
If you are currently with a company that uses some elements of a balanced scorecard, post this information to the forum for this assignment. Discuss the advantages and disadvantages of the presented information..
kyle inc. has collected the following data on one of its products direct materials standard 4 per finished unit total
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