User Account

All Pages

Find which is included in the cost of constructing building

Assignment Help Accounting Basics
Reference no: EM132807844

Problem 1: The carrying amount (i.e. NRV) of Accounts Receivable is $19,000 before the write off of a $2,500 uncollectible accounts receivable. What is the carrying amount after the write off?
a) HST Expense.
b) HST Payable.
c) HST Recoverable.
d) No entry debiting HST is needed.

Problem 2: Which of the following is included in the cost of constructing a building?

(a) cost of paving a parking lot
(b) cost of grading the land on which the building is to be constructed
(c) interest costs on a building loan incurred during construction
(d) cost of removing a demolished old building that existed on the land when it was purchased

Reference no: EM132807844

Questions Cloud

Freedom of speech is complicated topic : Freedom of speech is a complicated topic. Give examples of why it might be beneficial to have absolute free speech
Providing society with economic security : -How does the U.S. approach to providing society with economic security (retirement income) differ from other national governments' approaches? Explain.
How much is the taxable capital gain for a single homeowner : How much is the taxable capital gain for a single homeowner who has lived in a property for the past 13 years? Don't assume any other costs
Considering the possibility of building a clinic : A rural hospital where you work as a senior administrator under the CEO has a mission statement that endorses integrity and transparency
Find which is included in the cost of constructing building : Find which is included in the cost of constructing a building? cost of removing a demolished old building that existed on the land when it was purchased
Specific participation in government activity : In what specific participation in government activity have you taken part? Explain and describe the outcome.
Discuss three ways managers can motivate employees : Define motivation. Discuss three ways managers can motivate employees
Understanding of social exchange theory : Briefly explain your understanding of Social Exchange Theory and how line managers understanding of this could enhance their ability foster employee engagement
What adjusting entry to record bad debts expense for period : Carrying amount of Accounts Receivable is $19,000 before write off of a $2,500 uncollectible accounts receivable. What is carrying amount after the write off?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Lenox corporation has shares of common stock outstanding

Lenox Corporation has 80,000 shares of common stock outstanding. Duncan owns 10,000 shares, Duncan's brother owns 900 shares

  How much of security deposit must braydon report as income

Braydon did not return the rental deposit or the pet security deposit. How much of the security deposit must Braydon report as income

  When should depreciation first be recorded

When should depreciation first be recorded? What impact will Shirey's approach to recording depreciation have on the financial statements

  On january 1 2011 franz company purchased a truck that

on january 1 2011 franz company purchased a truck that cost 44000. the truck had an expected useful life of 5 years and

  Calculate the tax on Interest Income

Dividend Income from company's 25% ownership in XYZ Ltd. $65,000. Calculate the tax on Interest Income, tax on Capital Gain and tax on Dividend Income

  What was the companys cash coverage ratio

The company's net income was $8,912 with a tax rate of 34%. The firm paid $3,987 in total expense with a depreciation of $4,873. What was the company's cash coverage ratio?

  Categorize each of the following as one to one, one to many

Categorize each of the following as one to one, one to many, or many to many relationships Subsidiary ledgers and general ledgers Transactions and special journals General ledgers to trial balances.

  What are the implications for internal auditing

What are the implications for internal auditing if management fails to respond appropriately to an observation warranting corrective action

  Which of the least likely create self-interest threat

Which of the least likely create "self-interest threat"? Pressure to reduce inappropriately the extent of work performed in order to reduce fees

  Calculate variable costs per unit variable cost per unit

pcb corporation manufactures a single product. monthly production costs incurred in the manufacturing process are shown

  Calculate a value in response to the following

Calculate a value in response to the following: Unhappy about the prospect of a price increase, Blake's sales manager would like data regarding the number of units that must be sold at the former price to earn the £200,000 profit.

  What is company xs residual income

What is Company X's residual income? (Ignore Tax)

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