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On 1 January 2020, BNB purchased a new equipment at a cost of RM200,000 to replace an old equipment which was purchased when the company was firstly established. The book value of the old equipment on this date was RM56,000. The company chose to dispose the old equipment and net-off the cost of the new equipment against the one-off subsidy of RM50,000 awarded by the government.
Problem 1: Prepare the journal entries to record the replacement and depreciation of the equipment on 1 January 2020
The portion of proceeds from the sale of bonds with detachable stock warrants attributable to the warrants is accounted for as a(n) a. additional paid-in capital account b. common stock account c. contra-liability account d. adjunct-liability account..
computing and using the cm rationbspnbsplast month when holiday creations inc. sold 50000 units total sales were 200000
Analyzing Debt Terms, Yields, Prices, and Credit Ratings Reproduced below is the debt footnote from the 2013 10-K report of Dell Inc.
Customers until the end of the month Riley could borrow money from a bank at a rate of 10% through computations why this might not be a strategy?
Prepare Mr. Garcia's adjusting entries in General Journal form. Prepare an Income Statement for the month ending December 31, 2014, a Statement of Owner's Equity and a Balance Sheet as at December 31, 2014.
ACC701 - analyse how they apply to the given situation. Specific research supporting recommendations need to be provided and
On May 12, Senger paid Burris $650 for costs incurred by Burris to repair defective merchandise. Journalize the entry by Senger Company
During 2017, the Tastee Partnership reported income before guaranteed payments of $92,000. Stella owns a 90% profits interest and works 1,600 hours per year in the business. Euclid owns a 10% profits interest and performs no services for the partners..
What are the steps to making a statement of cashflows when given a balance sheet, income statement, and statement of retained earnings?
Prepare one template for each department. Use a data section and a report page. The amounts in the report page should be calculated using formulas.
midwest corp completed the following transactions in 2012 the first year of operation.1. issued 20000 shares of 10 par
Explain the operation and mechanics of a sterling. Although swaps have many advantages explain the and discuss the potential problems or drawbacks in utilising
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