User Account

All Pages

Determine gain or loss on the sale of property and equipment

Assignment Help Accounting Basics
Reference no: EM132186693

Question - Three-Eyed Raven Ltd. reported the following at December 31, 2016 (in thousands):

From the comparative balance sheet: 2016 2015

Property and equipment, net. $11,150. $9,590

Long-term notes payable. 4,400 3,080

From the statement of cash flows:

Depreciation $1,920

Capital expenditures (4,130)

Proceeds from sale of property and equipment 770

Proceeds from issuance of long-term note payable 1,190

Payment of long-term note payable (110)

Issuance of common share 383

Determine the following items for Three Eyed Raven Ltd. During 2016:

• Gain or loss on the sale of property and equipment.

• Amount of long-term debt issued for something other than cash.

Reference no: EM132186693

Questions Cloud

Discuss the advantages of the shifts in the medical field : Briefly describe at least 5 gadgets or apps that the speaker brings up that you thought were really cool. Look them up online to see whether they are already.
What is total paid-in capital based on the given above : Preferred Stock (10,000 shares authorized), $100 par $173,000 - What is total paid-in capital based on the information above
Used to monitor and control managers decisions : What is corporate governance and how is it used to monitor and control managers' decisions?
Surveillance of external environment : Managers are conscious of their environment through, scanning, monitoring, and gathering competitive intelligence.
Determine gain or loss on the sale of property and equipment : Three-Eyed Raven Ltd. reported the following at December 31, 2016 (in thousands): Determine Gain or loss on the sale of property and equipment
Separate arguments from window dressing : Identify premises and conclusions; classify as inductive or deductive; supply missing premises; separate arguments from window dressing.
Identify the range of organisational stakeholders : MGMT6012 Management Perspectives - create a personal SWOT analysis and comment on their fit with the organisation identified in their first assignment
Has anyone passed the argosy mafp comps exam : Has anyone passed the Argosy MAFP (forensic psych) Comps exam? I have failed twice and only have one more chance. Unless you have passed before.
What will be the number of shares outstanding after split : Jonick Corporation had 26,000 shares of common stock outstanding, What will be the number of shares outstanding after the split

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd