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Question - As at the 30 June 2021, the following appeared on the balance sheet of Purple Lid. The company uses the revaluation model.
Machinery 410,000
Less Accumulated Depreciation 275,000
On the 1 July 2021 it has been confirmed that the fair value of the machinery is $146,000 (there have been no previous revaluations of machinery). Prepare the journal entries to account for the revaluation of the asset (dates and narrations are not required).
The investment is held under at amortized cost measurement. How much is the fair value of the investment as of January 1, 2022
Rodriguez Company pays $321,165 for real estate with land, land improvements, Prepare the journal entry to record the purchase
Question - A project has an initial cost of $70,000, expected net cash inflows of $13,000 per year for 8 years, What is the project payback period
Interpret the inventory ratios by considering Dell's and Hewlett-Packard's operatingstrategies.
For the consolidated financial statements for 2018, determine the balances that would appear for the following accounts: (i) Cost of Goods Sold
Moreno industries has adopted the following production budget for the first 4 months. Prepare a direct material purchase budget by month for the first quarter.
Direct Labour was paid during the month was 2,944 with workers logging 93 direct labour hours. Calculate the total material and labour variance for past month
Discuss the tax consequences of contributing cash, property, and/or services to the new entity (discuss only for the entity you have recommended)
An employee earns $58,630 bi-weekly. She has just received a 3% pay increase, Determine the employee Net Pay for one bi-weekly pay period
f Sci Cal could reduce the time between customer's mailing date and when these payments are available to Sci Cal by 3 days, what would be the resulting annual
The journal entry recorded by XYZ on the date of redemption would include
Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the direct labor efficiency variance is unfavorable.
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