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1. Indiana Jones Corporation enters into a 6-year lease of equipment on January 1, 2011, which requires 6 annual payments of $40,000 each, beginning January 1, 2011. In addition, Indiana Jones guarantees the lessor a residual value of $20,000 at lease-end. The equipment has a useful life of 6 years. Prepare Indiana Jones' January 1, 2011, journal entries assuming an interest rate of 10%.
from the following information for alfred industries compute the overhead spending variance and the volume
prevatte corporation purchases potatoes from farmers. the potatoes are then peeled producing two intermediate
cost accountants at condriac hospital reported the following information for march 2011 regarding its nursing staff
joes inc. prepared an aging of its accounts receivable at december 31 2009 and estimated that the net realizable value
If owner's equity increased $20,000- during the fiscal year and total liabilities increased $12,000- during the same period, what happened to the assets?
In what ways are the winners and losers in cross-border M&A different than in domestic U.S. M&A? How are gains to bidding firms related to exchange rates?
Audra elects section 179 for asset C. Audra's taxable income from her business would not create a limitation for purposes of the section 179 deduction. Audra elects not to take additional first-year depreciation. Determine her total cost recovery ..
the little rock division of classics companies currently reports a profit of 3.6 million. divisional invested capital
What do potential voting rights refer to and how do they affect the application of the equity method for investments under U.S. GAAP?
A Job at West Coast Yachts
a company has 90000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible
Journalize the following selected tranactions for March 2016 in a two-column journal. Journal entry explanations may be omitted.
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