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Problem 1: On May 1, 2016 the Unison Company purchased equipment issuing an interest-bearing note due April 30,2017. There is no established cash price for the equipment. Give the entires on May 1, 2016, Dec. 1, 2016 and April 30, 2017. Do not include the amounts.
Stojko Corporation had a net decrease in cash of $12,500 for the current year. What amount of cash was provided (used) in operating activities
A net realizable value of $160, and a normal profit margin of $2. What is the final lower-of-cost-or-market inventory value for product 66
XYZ Company leased equipment to West Corporation under a lease agreement that qualifies as a capital lease to West but not as a result of a bargain purchase.
cooperative san joseacute of southern sonora state in mexico makes a unique syrup using cane sugar and local herbs. the
Prepare Statement of asset and liabilities for Herrera General Merchandise Store as of November 30, 2020. Eddy Herrera is the proprietor of a small variety
How can a company improve their Receivables Turnover and their Inventory Turnover? At least four points for each ratio, please be as detailed as possible
Xu Company is considering replacing one of its manufacturing machines. The machine has a book value of $45,000 and a remaining useful life of 4 years, at which time its salvage value will be zero.
as you have learned in this weeks readings the accounting equation is assets liabilities owners equity. is the
Direct and indirect costs of issuing common shares, Calculate the additional paid-in-capital that should be recorded by PT Pratama Tbk from the transaction.
The firm currently sells for $50 per unit, has variable costs of $15.80, and fixed costs of $600 000. What is the additional profit (loss) for the firm
On January 1, Year 1, Acorn Financial Corp. issued 825 convertible bonds. Record the journal entry for the issuance of the convertible bonds on January 1
The desired ending inventory of plastic is 30 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period
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