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Problem 1: On March 31, 2020, Paige's Company disposed of old equipment that cost $9,000 and had been depreciated $7,800 as of March 31, 2020. Present the journal entries to record the disposal under each of the following unrelated assumptions:
1. The equipment was sold for $3,200.2. The equipment was given to charity.3. The equipment was exchanged for a new machine with a fair value of $12,800. Paige received a $1,500 trade-in allowance and she paid cash for the remaining amount.
Prepare a partial amortization table showing (1) the original balance of this loan, and (2) the allocation of the first two monthly payments
updike and patterson investmens inc upi holds equity investments with a cost basis of 250000. upi accounts for these
a dubois inc. has completed the purchase of new dell computers. the fair value of the equipment is 825400. the purchase
Direct Materials cost: $199,925 (58,500 lbs purchased and used at $2.05 per lb) Compute the Direct Labor Efficiency Variance
With technology continuously flourishing, give compelling reasons why accountants and auditors need not worry about losing their jobs.
The fixed-asset turnover ratio for 2011 was 3.25. Calculate Pinewood's net sales for 2011.
Seattle Radiology Group plans to invest in a new CT scanner. What is the estimated breakeven volume (in number of scans) for Scanner B?
Short-term investments $8,200. Prepare the current assets section of the balance sheet listing the items in the proper sequence.
Gear Inc., has a total annual cash requirement of P14,700,000 which are to be paid uniformly. What is the optimal cash conversion size
Calculate the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept inunits only. carry unit costs to the nearest cent.
Given that securities prices do not self-destruct, what are the implications for investors and financial reporting
Compute the balance in the Prepaid Insurance account on January 1, 20X2
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