Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - Purchase and Disposal of Operating Asset and Effects on Statement of Cash Flows - On January 1, 2016, Mansfield Inc. purchased a medium-sized delivery truck for $45,000. Using an estimated useful life of five years and a residual value of $5,000, the annual straight-line depreciation of the trucks was calculated to be $8,000. Mansfield used the truck during 2016 and 2017, but then decided to purchase a larger delivery truck. On December 31, 2017, Mansfield sold the delivery truck at a loss of $12,000 and purchased a new, larger delivery truck for $80,000.
Required -
1. How would the previous transactions be presented on Mansfield's statements of cash flows for the years ended December 31, 2016 and 2017?
2. Why would Mansfield sell at a loss a truck that had a remaining useful life of three years and purchase a new truck with a cost almost twice that of the old?
Under Section 11 of the Securities Act of 1933 and Section 10(b), Rule 10b-5, of the Securities Exchange Act of 1934, a CPA may be sued by a purchaser of registered securities. The following items relate to what a plaintiff who purchased securities m..
What will be the loan's effective annual interest rate (EAR)? Assuming this was an annuity due, calculate the future value of this annuity.
question 1nbsp mcnally inc. has sales of 1000000 per year all on credit terms calling for payment within 30 days and
Fin 331- You are to evaluate 4 financing scenarios for them. What is the highest possible payment on the ARM (Loan D) when the interest rate adjusts at the end of 5 years?
Identifying at least one LFR's strategic objectives in each of the perspectives (i.e. financial, customer, internal process, and learning and growth).
Jack holds a portfolio with the following securities: Stock A 265,778 14.8%. Determine the expected return of portfolio
Specific the proper fund balance by completing the relevant name of the fund balance at the top of each fund's template for the entries you record
You presently have $51,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education
For the account Rent Revenue of a Merchandising business, indicate which of the below placements for the income statement is correct.
Is it appropriate to record a gain or loss at the inception of the contract as a result of the use of a mid-market pricing convention?
Hamlet College recently purchased new computing equipment for its library. Compute the total cost added to the college's Computing Equipment account. Prepare a journal entry at the end of the current year to record depreciation on the computing equip..
Current rate method and the temporal method. Explain the translation gain or loss in terms of changes in the value of exposed accounts.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd