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Question - Black n white company purchased equipment for 45, 000. The company recorded total depreciation of $36,000 on thru equipment. On January 1, 2015, black n white traded in the equipment for new equipment, paying $65,00 cash. The fair market value of the new equipment is 65,00. Journalize the company s exchange of equipment. Assume the exchange had commercial substance.
Describe the project scope and project management plan
Prepare the adjustment journal entry needed on December 31, 2017. Prepare the journal entry to record the sale of the Colorado co stock during 2018.
central tendency we have several measures of central tendency averages. we usually use the mean. where would we use
Prepare the March income statement for Digital Vibe Manufacturing Company. Determine the inventory balances at the end of the first month of operations
Which of the following will represents the net amount of trade receivables to be shown in the statement of financial position at the end of the year
1.1 Define Accounting? 1.2 What is the main objective of financial statements? 1.3 Name the two main underlying assumptions of accounting?
How much gain is recognized by Walter on the sale of the house? What is the basis of the new house purchased by Walter?
Compute tax depreciation for each year 2010-2015.
the long term liability section of twin digital corporations balance sheet as of december 31 2010 included 12 bonds
alice johnson social security number 222-23-3334 is single taxpayer and is employed as a secretary by state university
midlands design ltd. of manchester england is a company specializing in providing design services to residential
If a plant assests of a manufacturing company are sold at a gain of $820,000 less related taxes of $250,000, and the gain is not considered unusual or infrequent, the income statement for the period would disclose these effects as:
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