Reference no: EM133022202
Questions -
Q1. As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $920,000 and liabilities of $340,000. During Year 2, stockholders invested an additional $55,000 and received $35,000 in dividends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $955,000 and liabilities were $280,000?
Q2. Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $220,000. The Focus Company initially offered to buy the land for $177,000. The companies settled on a purchase price of $252,000. On the same day, another piece of land on the same block sold for $272,000. Under the cost concept, at what amount should the land be recorded in the accounting records of Focus Company?
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What is the npv in dollars
: he current spot foreign exchange rate is USD/ZAR = 14.35 (Rand/$). What is the NPV in dollars if the actual pattern of USD/ZAR exchange rates is: S(0) = 14.35
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How long will it be until you have
: You can afford monthly deposits of $230 into an account that pays 3.6% compounded monthly. How long will it be until you have $8,700 to buy a? boat
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Prepare the bank reconciliation
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How much should his guitars sell for
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At what amount should the land be recorded
: On the same day, another piece of land on the same block sold for $272,000. Under the cost concept, at what amount should the land be recorded
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What is the value of the other number
: Question - The average of the two numbers is 46.5. One of the numbers is 68. What is the value of the other number
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What would be a fair price for these bonds
: The return on other bonds of similar risk is 15%, so we decide to offer a 15% coupon interest rate. What would be a fair price for these bonds
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Will candy receive a margin call
: If the Z stock subsequently rises in price to $58 per share, what is the actual margin in Candy's account? Will Candy receive a margin call
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How many years have passed
: You purchased house for $500,000. Today, it is worth $874,362. How many years have passed if the price of the house has increased at annual rate of 3.2 percent
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