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Question - A company purchased a building on 1 April 2011 for $200,000. The asset had a useful life at that date of 40 years. On 1 April 2014 the company revalued the building to its fair value of $220,000. Calculate the revaluation gain and prepare the journal entry to account for the revaluation.
Dave Ganz started a sole proprietorship by depositing $30,000 cash in a business checking account. During the accounting period the business earned $6,000 of net income and Ganz withdrew $2,000 cash from the business.
lusk company produces and sells 16100 units of product a each month. the selling price of product a is 31 per unit and
State your accounting method of choice and describe several types of business transactions you expect to incur
The comparative balance sheet of Del Ray Enterprises Inc. at December 31, 2016 and 2015, is as follows: 1 Dec. 31, 2016 Dec. 31, 2015.
Annual sales volume is expected to average 120,000 phones over an expected life cycle of 5 years. Calculate the target variable cost per unit
BM410.1.1- In what type of sales situation is a broker commonly used? What does word "purify" mean in terms of the sales function? Which of the following characteristics is useful for both salespeople and sales managers?
The market value of the debentures is $106; redeemable at par in 5 years. What the after tax cost of capital for the debentures
It expects to collect 95% of the sales in the month of the sale and 5% in the following month. Calculate the amount of budgeted sales for its first quarter
Crane Corporation has 70,000 shares of common stock outstanding. Prepare the entries on the appropriate dates
Which statement is incorrect concerning presentation of noncurrent asset or disposal group classified as held for sale? An entity shall present a noncurrent
Sales revenue (85% on credit) = 2,600 and Trade payables = 260. Find the trade payables days and Inventory days
after the books are closed ying amp yangs partnership balance sheet reports capital of 80000 for ying and 120000 for
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