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On February 1, 2010, Edwards Corporation purchased a parcel of land as a factory site for $50,000. It demolished an old building on the property, and began construction on a new building that was completed on October 2, 2010. Costs incurred during this period are:
Demolition of old building .................... $ 4,000Architect's fees ....................... 20,000Legal fees for title investigation and purchase contract ......... 2,000Construction costs ....................... 500,000The company sold salvaged materials resulting from the demolition for $3,000.Required:At what amount should Edwards record the cost of the land and the new building, respectively?
how is a transfer price determined? describe the cost-based method. do you think it is better than the market-based
Signed a three-month, zero-interest-bearing note on November 1, 2010 for the purchase of $150,000 of inventory. The face value of the note was $152,205.
in the month of june angelas beauty salon gave 3500 haircuts shampoos and permanents at an average price of 30. during
Company sells a single product at $20 per unit. Sales- 100,000, variable costs $800,000, fixed costs $400,000 If a $4 drop in selling price will boost unit sales by 20% the company will experience:
A company entered into the following material contracts at the beginning of the year: For each of the above contracts, prepare any necessary journal entries and notes to be included in the financial statements.
on may 31 2001 cole co paid 3500000 to acquire all of the common stock of hale corporation which became a division of
precision numbers inc. manufactures pocket calculators. costs incurred in making 25000 calculators in april included
npv irr and sensitivity analysis.crumbly cookie company is considering expanding by buying a new additional machine
kate eden received a graduation present of 1000 that she is planning on investing in a mutual fund that earns 7.00
x company estimates the following costs for next year customer service 5442 direct materials 4412 factory insurance
The trial balance of G. Durler Company at the end of its fiscal year, August 31, 2010, includes these accounts: Merchandise Inventory $17,200; Purchases $149,000.
Prepare a presentation for upper level management to explain the process by which a privately held company would transition to publicly held company.
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