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On January 2nd 2016 Bruce Bruce Company borrowed 6 million Euros at 10% for 1 year when the Euro was equal to $1 to finance the construction of a new office building. On January 2nd 2017; Bruce Bruce was able to acquire the 6,600,000 euros needed to pay off the loan for $6,400,000. Using GAAP what is the amount of interest that Bruce Bruce would capitalize (add) to the office building and what gain or loss would they show because of this loan? If Bruce Bruce used IFRS, what amount of interest would Bruce Bruce capitalize and what gain or loss would they show because of the loan.
assuming that a company has 365 million in annual sales and a gross margin of 20 how much investment will each
here are comparative statement data for night company and daycompany two competitors. all balance sheet data are as of
remix recording studios purchased 7500 in electronic components from viscom. remix recording studios signed a 90-day 9
Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.3% federal unemployment, 0.8%. Illustrate the effects on the accounts and financial statements of recording the accrual of payroll taxes.
sykes corp. factors 100000 of accounts receivable with ktt finance corporation on a without recourse basis on july 1
U.S. importer of Japanese computer components pays for the components in yen. The importer is not concerned about a possible increase in Japanese prices (charged in yen) because of the likely offsetting effect caused by purchasing power parity (PP..
Compute the predetermined overhead rates that should be used during 2014 in Department A and B. Compute the total overhead cost applied to job 145.
Assuming a 360-day year, calculate what the average investment in inventory would be for a firm, given the following information in each case.
Are the facilities at the fairgrounds adequate to handle crowds needed to generate ticket revenues calculated in number 8 above to earn a $6,000 profit? Show calculations to support your answers.
If depreciation expense is $20,000 and the beginning and ending accumulated depreciation balances are $100,000 and $110,000, respectively, how much cash was paid for depreciation?
Assume that you work for Able, Bold, and Cowing as an auditor, and you are auditing Texas Pizza, a chain located in and around Brownsville, Texas.
Christine Ewing is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. Journalize the transactions in the general journal.
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