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List and discuss five factors that may be employed to determine if a particular financial instrument is a debt or equity security
equity corp. paid a consultant to study the desirability of installing some new equipment. the consultant recently
total assets of 46800 net fixed assets of 37400 current liabilities of 6100 and long term liabiities of 24600. what is
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Which of the following entities is the owner's basis increased by the owner's share of profits and decreased by the owner's share of losses, but is not affected by the entity's bank loan increases or decreases?
P purchased a machine on January 1, 2011 for $43625. At the time of purchase, the machine was expected to have a useful life of 21 years and a residual value of $1745. P uses straight-line depreciation.
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The owner's equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. The owner had made no additional investments and had withdrawn $19,000 during the year. The net income for the year amounted to ..
the income statements of diamond company for the years ended decemnotber 31 19x1 and 19x2 follow. 19x1 19x2 net sales
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Straight-line depreciation is used. Demers reported net income of $28,000 and $32,000 for 2006 and 2007, respectively. Compute the gain recognized by Demers Company relating to the equipment for 2006
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