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!
Exercise - Presented below is information related to Headland Company. 1. On July 6, Headland Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is:
Land
$396,000
Buildings
1,188,000
Equipment
792,000
Total
$2,376,000
Headland Company gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $252 per share on the date of the purchase of the property. 2. Headland Company expended the following amounts in cash between July 6 and December 15, the date when it first occupied the building. (Prepare consolidated entry for all transactions below.)
Repairs to building
$99,590
Construction of bases for equipment to be installed later
126,240
Driveways and parking lots
130,410
Remodeling of office space in building, including new partitions and walls
171,890
Special assessment by city on land
18,330
3. On December 20, the company paid cash for equipment, $270,400, subject to a 2% cash discount, and freight on equipment of $10,800. Prepare entries on the books of Headland Company for these transactions.
On March 20, Garber's petty cash fund of $100 is replenished when the fund contains $47 in cash and receipts for postage $31, supplies $16, and travel expense $6. Prepare the journal entry to record the replenishment of the petty cash fund.
A company's 6 percent coupon rate, semiannual payment, $1,000 par value bond that matures in 30 years sells at a price of $515.16.
1.On January 1, Garcia Supply leased a truck for a four year period, at which time possession of the truck will revert back to the lessor.
bertha is considering taking an early retirement offered by her employee. she would receive 3000 per month indexed for
you purchased a robot for 200000 and you depreciated it using a 5 year macrs. in year 4 you sold the robot for 100000.
1. The weighted-average cost of capital for a firm with a 65/35 debt/equity split, 8% pre-tax cost of debt, 15% cost of equity, and a 35% tax rate would be:
Assuming that the data meet the required condi- tions, what can we conclude from the F-test about the preferences of consumers?
during the current year karen sells her entire interest in central corporation common stock for 22000. she is the sole
From this information, compute the equivalent units of production for direct materials and conversion costs for the month. Use the FIFO costing method.
in the manufacture of 10000 units of a product direct materials cost incurred was 165000 direct labor cost incurred
Gallatin Hardware is a small hardware store in the rural township of Willow Creek that rarely extends credit to its customers in the form of an account receivable.
oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the
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