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On January 1, 2012, Fishbone Corporation sold a building that cost $272,200 and that had accumulated depreciation of $102,100 on the date of sale. Fishbone received as consideration a $261,500 non-interest-bearing note due on January 1, 2015. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2012, was 10%. At what amount should the gain from the sale of the building be reported?
the hilltop corporation is considering the replacement of an old machine that is currently being used. the old machine
1.loom inc. has outstanding a 1000 face value bond with a 5 contract interest rate. the bond has 10 years remaining
the following excerpt is from an article reported in the april 27 2011 online issue of reuters.dupont co dd.n said
On December 31, 2011, Vacker owed $30,800 to Carper. There have been no changes in Carper's common stock account since the acquisition. If the equity method had been applied by Vacker for this acquisition, what are the consolidation entries needed..
Prepare the journal entry to record their issuance.
the may 1 work in process inventory consisted of 105000 pounds with 219450 in materials cost and 134400 in conversion
\Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2009, from Natalie's grandmother.
Prepare a statement of cash flows using the indirect method and compute these cash-based measures
prepare journal entries to record the following transactions entered into by flip
comprehensive problem 2 for heintz and parry 20th college accountingassetsrevenues101cash401registration
The slowing economy in 2000 combined with Home Depot's aggressive expansion efforts was the reason for Home Depot's poor financial performance.
Prepare the stockholder's equity section of the balance sheet in proper form for Vicario Corporation as of December 31, 2012. Account for treasury stock using the cost method.
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