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Question - Truck #3 has a list price of $18,080. It is acquired in exchange for a computer system that Vaughn carries in inventory. The computer system cost $13,560 and is normally sold by Vaughn for $17,176. Vaughn uses a perpetual inventory system.
Truck #4 has a list price of $15,820. It is acquired in exchange for 1,030 shares of common stock in Vaughn Corporation. The stock has a par value per share of $10 and a market price of $13 per share.
Required - Prepare the appropriate journal entries for the above transactions for Vaughn Corporation.
tigubuki company a sofa maker uses a standard costing system. each sofa contains 2 metres of material. however there is
Develop an Income Statement for 20XX, Cash Flow Statement for 20XX, and Balance Sheet as of the end of 20XX based on the data provided below for year 20XX.
Exercise - Computing overhead rates based on different costing drivers. Compute the overhead rate for each activity pool
Quality Motors currently purchases a standard unit car stereo from an outside supplier for $80. Calculate the potential loss to the corporation
Additional disclosures are required pertaining to deferred tax amounts reported on the balance sheet. What are the needed disclosures?
temple corp. is considering a new project whose data are shown below. the equipment that would be used has a three-year
A lawyer allocates overhead costs based on his hours working with different clients. The lawyer expects to have $200,000 in overhead during the year and expects to work on clients' cases for 2,000 hours during the year.
SVI is a large securities dealer. Last year, the company made 570,000 trades with an average commission of $25. Estimate SVI commission revenues for coming year
a firm with a 13 wacc is evaluating two projects for this years capital budget. after-tax cash flows including
Amanda Ltd is a manufacturing company operating in Parramatta, Sydney. Discuss how Accounting and Governance helped Amanda Ltd
The common stock has a market price of $22 per share, and the preferred stock has a market price of $98 per share. Prepare the journal entry to record issuance
Write a 350- to 700-word paper in which you differentiate between valuation, depreciation, amortization, and depletion. Is it appropriate to calculate depreciation using two different methods? Why?
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