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On December 1, 20x1, aliens invaded Earth and destroyed the warehouse of Unlucky Too. Co. The following information was determined:
Beginning inventory 80,000 Gross purchases 517,000 Freight-in 5,000 Purchase returns 3,000 Purchase discounts 4,000 Sales from Jan. to Nov. 585,000 Sales returns 15,000 Sales discounts 117,000 Gross profit rate based on cost 33 1/3%
Problem 1: Twenty percent of the inventory contained in the warehouse has been salvaged from the destruction, while half is partially damaged. The aliens agree to buy the partially damaged goods at thirty percent of the cost as peace offering. How much is the inventory loss?
14% and the CCA rates on the building and the machine are 7.5% and 15%, respectively, then should Adhesion implement the expansion plan?
The stock goes ex dividend tomorrow. Ignore any tax effects. What will be the price of the stock tomorrow morning
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On December 31, Burgess, Inc. has decided to sell a piece of equipment. The initial cost of the equipment was $180,000 with an accumulated depreciation of $176,000. Depreciation has been taken up to the end of the year. The company found a company th..
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In December 31, 2018 balance sheet Lake would report what: Deferred gross profit of $775,000, Installment receivables (net) of $392,000
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