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The A Corporation ,2008, paid $50 per share for 10,000 shares of B Corporation. A Corporation chose to classify them as available for sale. At the end of 2009 B Corporation stock was selling for $60 per share. Subsequently, in 2010 B Corporation's stock rose to $65 per share. In 2011, A Corporation needed cash to fund a new project and sold its investment in B Corporation for $70 per share. How much did A corporation include in its 2011 income statement due to the sale?
$50,000 gain
$200,000 gain
$150,000 gain
None of the above
Show the effect of the above transaction on a statements model like the one shown below.
Data concerning Golding Corporation's single product appear
Assume that Angle sold the equipment at the end of the fifth year for $21,500. Record the general journal entry for the sale.
G Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depreciatio..
The following are selected transactions of Darby Corporation. Prepare journal entries for the selected transactions above. Prepare adjusting entries at December 31.
other accrued liabilities-warranties prist co. had not provided a warranty on its products but competitive pressures
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refer to the amazon.com financial statements including notes 1 and 3 in appendix a at the end of this book. answer the
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The Federal Reserve offers to the general public numerous publications available at the Website of the Federal Reserve Board at http://www.federalreserve.gov/publications/.
ca5-5 presentation of property plant and equipment carol keene corporate comptroller for dumaine industries is trying
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