Equipment with an appraisal value of 35 000 isa offered

Reference no: EM13598581

Equipment with an appraisal value of 35, 000 isa offered for sale on 32, 00. The purchaser acquires it for 10,000 in cash and a 90 day 15,000 note payable. The amount to be recorded as the cost of equipment on the buyers book would be?

Reference no: EM13598581

Questions Cloud

Aj corporation a manufacturer of ethnic foods contracted : aj corporation a manufacturer of ethnic foods contracted in 2010 to purchase 500 pounds of a spice mixture at 5.00 per

Williamson corporation acquired two inventory items at a : williamson corporation acquired two inventory items at a lump-sum cost of 40000. the acquisition included 3000 units of

Maui blends inc produces and sells organically grown coffee : maui blends inc. produces and sells organically grown coffee. on july 1 2012 maui blends inc. issued 2800000 of 7-year

Bleeker company has the following merchandise account : bleeker company has the following merchandise account balances sales 194408 sales discounts 2178 cost of goods sold

Equipment with an appraisal value of 35 000 isa offered : equipment with an appraisal value of 35 000 isa offered for sale on 32 00. the purchaser acquires it for 10000 in cash

The following information relates to starbucks for 2007 net : the following information relates to starbucks for 2007 net income 672.638 million unrealized holding loss of 20.380

Describe the process of assessing the earnings and : describe the process of assessing the earnings and financial reporting quality of publicly held corporations.relate the

Explain the differences in creating budgets for the : explain the differences in creating budgets for the following entities manufacturing non-manufacturing serviced based

An investor purchased at par value 75000 of corts 8 bonds : 1. on february 15 seacroft buys 7000 shares of kebo common stock at 28.53 per share plus a brokerage fee of 400. the

User Account

All Pages