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At the beginning of the year . Grillo Industries bought three used machines from Freeman Incorporated .The machines were immediately overhauled, installed and started operating Because the machines were recorded separately in the accounts
Cost of the asset Machine A Machine B Machine c..
Assuming a 5 yr life what should be the JE at the end of the first Yr .My calculations Cr accumulated dep 1,900 and debit Debep exp 1,900 but my debit was wrong. am i missing something.
if total liabilities decreased by 15000 and owners equity increased by 5000 during a period of time then total assets
When purchasing merchandise on account for say $88,000, but you pay $67,000 cash on the $88,000 due. Your sales are $145,000, and the ending inventory is $24,000 what would the gross profit be?
company borrowed 10000 on a 5 year 9 percent installment note with quarterly payments of 626.42. how much of the first
On September 1, 2010, Winans Corporation acquired Aumont Enterprises for a cash payment of $680,960. At the time of purchase, Aumont's balance sheet showed assets of $611,060, liabilities of $213,800, and owners' equity of $397,260.
mathis co. at the end of 2012 its first year of operations prepared a reconciliation between pretax financial income
mainline sports has just acquired a new business van at a cash price of 70000. unfortunately mainline only had 10000
snake creek company has a trusted employee who as the owner said handles all of the book keeping and paper work for the
Delta Company's flexible budget formula for overhead costs is $100,000 per month fixed costs plus $26.00 per unit variable costs. Standard volume is 5,000 units a month. Actual overhead coasts for June were $280,000, and output was 6,000 units.
If company a has a player with a contract of $5,800,000 and company B has a player with a contract of $5,600,000 and they trade the players by exchanging the player's contract and the fair value of both contracts was $6,000,000 what amount should ..
sam weller is thinking of investing 90000 to start a bookstore. sam plans to withdraw 23000 from the business at the
Which of the following account balance is shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).
the average stockholders equity for horn co. last year was 3200000. included in this figure was 320000 of preferred
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