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Blanket Corporation sold equipment for cash of $39,000. Accumulated depreciation on the sale date amounted to $32,500 and a loss of $1,770 was recognized on the sale. What was the original cost of the asset?
kyle worked as a free-lance software engineer for the first three months of 2013. during that time he earned 44000 of
lauer company reported net income of 66800 on sales of 300000. the company has total assets of 500000 and total
what is the irr for a machine that costs 35000 and has a salvage value 5 years later for 20000. the machine generates
Recognize the industries of your six selected securities. (including BONDS)
Show a example formula of total revenue of 800,000, expense of 200,000 for tax purposes, and depreciation expense of 130,000 for reporting purposes, the tax rate is 34 percent.
A 4-for-1 stock split involving the issue of 400,000 shares of $5 par value common stock for 100,000 shares of $20 par value common stock was recorded as a debit to Retained Earnings $2,000,000 and a credit to Common Stock $2,000,000. Prepare the ..
In 2011 a company report earning per share of $10.00 when its stock was selling for $220. In 2012, its earning increased by 14%. If all the relationship remains constant, what is the price of stock for 2012?
Which of the following should not be used as the allocation base in a company that appropriately uses a single plant wide rate?
on the advice of her estate planner grace made taxable gifts of 5 million in 2011. grace dies in late 2013 leaving a
A parcel of land is: offered for sale at $150,000, assessed for tax purposes at $95,000, recognized by its purchasers as being worth $140,000 and purchased for $137,000. The land should be recorded in the purchaser's books at:
"Black Kitty Company recorded certain revenues of $10,000 and $20,000 on its books in 2007 and 2008, respectively. However, these revenues were not subject to income taxation until 2009. Company records reveal pretax financial accounting income an..
Betty's Bunny Barn has experienced a $40,000 loss due to tornado damage to their inventory. Tornados have never before occurred in this area. Assuming that the company's tax rate is 30%, what amount will be reported for this loss on the income sta..
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