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Farha Co. purchases a machine for $11,500, terms 2/10, n/60, FOB shipping point. The seller prepaid the $260 freight charges, adding the amount to the invoice and bringing its total to $11,760. The machine requires special steel mounting and power connections costing $795. Another $375 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting, $190 in damages occurred. Materials costing $30 are used in adjusting the machine to produce a satisfactory product. The adjustments are normal for this machine and are not the result of the damages. Compute the cost recorded for this machine.( Farha pays for this machine within the cash discount period)
Interest computed on the average accumulated expenditures for the warehouse construction was $50,000. What amount of interest should Liddy expense for the year?
The company's fiscal year ends on December 31, and this is its only bond issue. What is the bonds interest expense for the year ended December 31, 2011?
Carolina Products sells a unique item with the following information available.
roseau company is preparing its annual earnings per share amounts to be disclosed on its 2013 income statement. it has
the iowa corp. acquired a piece of land with a building on it by paying 100000 down and signing a 779000 4.5 mortgage
Mouns Company owns 30% interest in the stock of Darian Corporation. During the year, Darian pays $20,000 in dividends to Mouns, and reports $100,000 in net income. Mouns Company's investment in Darian will increase Mouns' net income by?
Classify the following costs as variable (V), fixed (F), or semivariable (S) in terms of their behavior with respect to volume or level of activity.
a company giving scenic rides over the city in a helicopter has decided to close their business. the helicopter is for
Land is purchased for $456,000. Additional costs include a $30,300 fee to a broker, a survey fee of $3,400, $2,750 to construct a fence, and a legal fee of $12,500. What is the cost of the land?
a company is negotiating with the bank for a 200000 90 day12 loan effective july 1 of the current year. if the
Jerry bought his home 15 years ago for $60,000. Three years ago Jerry married Debbie and she moved into the same house and has lived there since. If they sell Jerry's house in December, 2010 for $340,000, what is their taxable gain on a joint tax ..
utilizing a public policy of your choice from a local government where you reside prepare a paper assessing that
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