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During 2012, Ted and Judy, a married couple, decided to sell their residence, which had a basis of $162,000. They had owned and occupied the residence for 11 years. To make it more attractive to prospective buyers, they had it painted in April at a cost of $5,000 and paid for the work immediately. They sold the house in May for $395,000. Broker's commissions and other selling expenses amounted to $24,000. They purchased a new residence in June for $350,000. What is the realized gain?
you have 40146.29 in a brokerage account and you plan to deposit an additional 6500 at the end of every future year
The State limits the amount of general obligation debt that can be issued by a City to 20% of the assessed value of its taxable property. The assessed value of property in Southside City is $500 million. The legal debt margin for Southside City is
a person wanted to withdraw x rupees and y paise from the bank. but cashier made a mistake and gave him y rupees and x
On October 15, 2014, the company declares a total dividend payment of $40,000. What is the total amount of dividends that will be paid to the common shareholders?
What journal entry should be made at the beginning of the fiscal year to reestablish the Encumbrances account of a capital projects fund for a multi-year capital project?
A mail order company finds 18% of the purchases of a particular item are returned. The company estimates each return costs $0.70 in transportation and extra handling. What is the expected extra cost due to returns per unit of this item?
a companys predetermined overhead allocation rate is 130 based on direct labor cost. how much overhead would be
juan acquires a new five-year class asset on march 14 2013 for 200000. this is the only asset juan acquired during the
sweet dreams inc. manufactures bedding sets. the budgeted production is for 47800 comforters in 2012. each comforter
the cost accountant for the larsen manufacturing co. has provided you with the following information for the month of
Of all the business processes in the Accounting Information Systems (AIS), which do you think is the hardest to control and why? Be specific in your discussion of internal controls.
Memo on Capitalization of Cable Equipment
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