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The price of a concrete pump purchased by Dolan Pumping was $42,500. It cost $1,200 for delivery. The salvage value at the end of 7 years is $7,200. Using the 150% declining-balance depreciation method, calculate the book value at the end of year 2. (Round the declining-balance rate to 4 decimal places, and all dollar amounts to the nearest cent)
An investor recently purchased a corporate bond which yields 9 percent. The investor is in the 36 percent combined federal and state tax bracket.
a treasury bond that matures in 10 years has a yield of 6. a 10 year corporate bond has a yield of 8. assume that the
What is share premium account? if we have some amount in sharepremium account how can we utilse it? are there any accounting standards for this?
Prepare the necessary journal entry to closed the overhead account if the balance is considered immaterial.
recognition of concepts. jim armstrong operates a small company that books entershytainers for theaters parties
Comparative financial statements of the Boeckman Company for 2009 and 2010 are as follows:
A bond issued with a face value of $200,000 and a carrying amount of $195,500 is paid off at 98 1/2 and retired. The gain or loss on this transaction is:
Refer to the revenues and expenses shown on the unadjusted trial balance. Based on this information, calculate preliminary net income and net profit margin (expressed as a percent to one decimal place), and determine whether the net profit margin is ..
a family inn is a bed and breakfast establishment in a converted 100-year- old mansion. the inns guests appreciate its
For each situation, identify and evaluate any threats in relation to auditor independence. Identify any safeguards to those threats identified above
1. The following are selected balances before adjustments and adjustments data for Prometheus Inc at end of annual accounting periods, December 31, 2010: Adjustment Data:
The following items appear in a Statement of Financial Position: Receivables €200,000; What is the balance of Shareholders' funds (SH Equity)
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