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Farrah Company opened business as a sole proprietorship on January 1, 2012. The owner contributed $525,000 cash on that date. During the year, the companyhad a net income of $20,000. The company purchased equipment of $120,000 during the year. The owner also withdrew $75,000 to pay for personal expensesw during 2012.Determine the company's owner's equity at December 31, 2012.
When the balance sheet was prepared, the value of the equipment later rose to $22,000. What is the relevant measure of the value of the equipment?
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If it began the quarter with $18,000 of inventory at cost and purchased $72,000 of inventory during the quarter, its estimated ending inventory using the gross profit method is:
Debt equity ratio of 0.70, building a new $45 million manufacturing facility. cash flow of $6.2 million in perpetuity. the flotation costs of the new common stock would be 8% of the amount raised, The required return on the company's new equity is..
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under both u.s and ifrs which one of the following items is reported separately in the income statement net of tax? a.
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