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1. Slaton Corporation traded a used truck for a new truck. The used truck cost $20,000 and has accumulated depreciation of $17,000. The new truck is worth $35,000. Slaton also made cash payment of $33,000. Prepare Slaton's entry to record the exchange. (The exchange has commercial substance.)
Set up one T- account for Deere's total inventories ( that is, combine the three inventory accounts for this analysis) Enter the 2011 (i.e. the 2012 opening balance) and 2012 ending balances in the T account
This question relates to Accounting Basics and it's discussed about the importance of cash flow statement in addition to balance sheet and income statements. Apart from balance sheet and incomes statement, a cash flow statement is also used for ar..
1.Post Pharmacy uses the following journals: sales journal, purchases journal, cash receipts journal,
How is Internal Service Fund activity reported in government wide statements?
do you think crimes of globalization are likely to increase or diminish in the next century? what are some of the
q1 when a dividend is declared the accounts debited and credited area. dividend and divdend payable.b. dividend payable
Calculate the opportunity cost of transferring units internally if the division is operating at capacity.
match each of the six following terms with the phrase that most closely describes it. each answer may be used only
The Alpha-Beta affiliated group has a consolidated regular tax amount of $52,000 and a tentative minimum tax amount of $50,000 in the current year. The maximum general business credit that can be used on the consolidated return is:
Prepare journal entries for the issuance of the notes and warrants for the cash consideration received. Notes would have been issued at a 20% to 24% discount.
biemker corporation has 500 million of total assets its basic earning power is 15 and it currently has no debt in its
If Debt Ratio = 15% , and ROE = 13% What is the ROA?
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