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Q1. ABC Company sold an equipment for $1,000 cash on Feb 1, 2017. The equipment was originally purchased for $4,000, and, as of Feb 1, 2017, the accumulated depreciation using double-declining balance method was $1,500.
Q2. If ABC purchased a bldg for an investment and not intended use, where in balance sheet should it be reported? Would it be depreciated?
What in your opinion are the problems in the health care industry that are fixable? What in your opinion are the problems that are NOT fixable?
What is the maximum percentage of Alpha Corporation's single class of stock that Mariano can sell to a single shareholder without triggering the Sec. 382 loss limitation?
the controller of dash shoes inc. instructs you to prepare a monthly cash budget for the next three months. you are
Twohig Company leased a piece of equipment from Wells, Corp. on January 1, 2011 for $300,000. The lease term is for seven years and the life of the asset is 10 years.
Farewell company purchased merchandise with an invoice price of $2000 and credit terms of 2/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inherent in the credit terms?
The balance at bank was N20,000,000 on 5th May 1985. All the shares were subscribed and allotted. Application and Allotment money were received on 10th and 20th May1985. Show the necessary entreis in the books of Jossy Company Plc.
cooper training services cts provides instruction on the use of computer software for the employees of its corportate
1.in verifying debits to perpetual inventory records of a non-manufacturing firm the auditor would be most interested
mensa corporation has 3000 shares of 7 100 par value preferred stock outstanding at december 31 2012. at december 31
Hamid Kargaran Company uses special strapping equipment in its packaging business. What is the carrying value of the asset
Oddessy consulting has the following for year ended 12-31-09 before adjustments. Oddessy uses the net credit sales method of estimating bad debt expense. The journal entry for estimating bad debt expense at year end is:
he first step is to go to the website of a publically-traded US company. Audit steps for tests of controls, balances, transactions, analytical procedures, etc
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