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Problem 1: Disregard the assumption in the first question (assume in the jan 31, 2016). Assume instead that the consideration is fully paid and the land is transferred to the buyer as planned. Provide journal entries and its brief description.
ACCT5930 Financial Accounting Assignment Help and Solution - University of New South Wales, Australia. Part A - Computerised shipping documents
Depreciation is $41,650 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
Blue corp reported taxable income of $700,000 on its federal income tax return for the current calendar year. Selected information for the year is available from Blue's records:
What The company's return on equity (ROE) is closest to? Operating profit margin 23.8%Net profit margin 14.0%Total asset turnover
Classification of receivables as current or non-current is not that important. The money is received eventually anyway, so what's the big deal?'" Discuss.
Describe method identified in your presentation to the Board and support your recommendation with examples in a memo style to the Board of Directors.
Kinder Enterprises relies heavily on a copier machine to process its paperwork. Recently the copy clerk has not been able to process all the necessary copies within the regular work week. Management is considering updating the copier machine with a f..
Carson company uses a predetermined rate to apply over head. At the beginning of the year, Carlson estimated its overhead costs at $320,000, direct labor hours at 45,000. and machine hours at 20,000. Actual overhead costs occurred were $274,860, actu..
If the interest rate is 5%, What is the present value of a security that pays you $1,050 next year and $1,102.50 two years from now? If this security sold for $2,200 is the yield to maturity greater or less than 5%? Why?
Variances represent the difference between actual results and the expected results of an activity or measure. Expected results are often referred to as budgets. Describe an example of an activity that you would use variance analysis as a means to mea..
Based on the information given, which method of accounting for bad debts is Lexington Pty Ltd using - the direct write-of method or the allowance method? How can you tell?
Last month a friend borrowed from his 401k to pay off his car loan. Interests on his car loan were at 8 percent with about $250 in monthly payments. The idea he said is that, instead of paying the 8 percent interest to the bank, why not take out from..
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