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Here are selected 2014 transactions of Cleland Corporation. Jan.1 Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $62,000 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2012. The computer cost $36,000 and had a useful life of 3 years with no salvage value. The computer was sold for $5,000 cash. Dec. 31 Sold a delivery truck for $9,000 cash. The truck cost $25,000 when it was purchased on January 1, 2011, and was depreciated based on a 5-year useful life with a $4,000 salvage value.
in many cases managers end up in trouble as they direct their focus exclusively on cost savings. cost cutting is always
A company has a retention rate of 50%, sales of $25,000, beginning equity of $50,000 and profit margins of 10%, an asset turnover ratio of .75 and debt of $10,000. What is its sustainable growth rate?
An auto manufacturer would classify vehicles in various stages of production as:
What is the total stockholders' equity based on the following account balances? Common Stock
Ritz-Carlton is a management company for the underlying hotel owners. If the Ritz-Carlton Laguan Niguel had an unfavorable variance from budget greater than 5% allowed and greater than the othe rhotels, then the most probably cause for the shortfa..
What is possible "consequence" of using the allowance method rather than the direct write-off method? The method fits the matching principle, is GAAP, the SEC likes it better, sounds better for investors, what could be bad?
the following equity related transactions were completed by wilson company in 2010 jan 12 purchased 1800 shares of
In late June, the Everest Construction Co. submitted a progress billing on a construction contract for $500,000. On July 2, the bill was approved for payment, subject to a five percent retention, as provided by the contract. The amount that should..
treatment of various costs ben sisko supply company anewly formed corporation incurred the following expenditures
thibodeaux limousine corporation is trying to determine a predetermined manufacturing overhead. estimated overhead for
Carter Corporation had net income of $250,000 and paid dividends of $50,000 to common stockholders and $20,000 to preferred stockholders in 2008.
The acquisition of treasury stock by a subsidiary above book value
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