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Ng's Shrimp Company owns a fishing vessel that originally cost $250,000, with a 20-year life, and no anticipated salvage value.
Ng uses the straight-line depreciation method. Review the following three independent cases, and prepare the journal entry to reflect the disposition of the boat in each case.
Case 1 After 8 years of ownership, the boat was taken by a storm.
Case 2 After 12 years of ownership, the boat was sold for $175,000.
Case 3 After 15 years of ownership, the boat was sold for $60,000.
a company has a minimum required rate of return of 8. it is considering investing in a project that costs 455580 and is
Explain how it is possible for Hefty to have a net loss but a positive cash flow from operating activities.
Another name for the Fair Labor Standards Act is
Why is accounting for contributions so critical for a not-for-profit entity? For example, what complications can arise if a donor places conditions on a pledged contribution or imposes restrictions on the use of the money by the organization? What..
1. lawrence owns a small candy store that sells one type ofcandy. his beginning inventory of candy was made up to 10000
the accounting records of tuel electronics show the following data.beginning inventory3880 units at8purchases8660 units
matthew borrows 250000 to invest in bonds. during 2013 his interest on the loan is 30000. matthews interest income from
Compute total asset turnover ratio for 2009 and 2010 and evalute results, would you promote me??
Thomas Company has total fixed costs of $360,000 and variable costs of $14 per unit. If the unit sales price is reduced from $24 to $20 and advertising is increased by $10,000, sales will increase from 40,000 to 65,000 unit. What are the contribut..
Write a 1000 word, APA style paper on the "Seven Basic Financial Statements of the Federal Government. In your paper be sure to discuss the following:
Managers are given bonuses based on the financial accounting net income for their product line. Which one of the following methods, used internally, would best accomplish this? a. Use absorption costing to calculate net income to determine their bo..
grodski inc. produces and distributes fiber optic cable for use by tele-communications companies. grodski inc. issued
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