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Question 1) Greetings Online disposed of a van that cost $22000 with accumulated depreciation of $15000.
The journal entry could be to:A. Debit accumulated depreciation $15000, debit depreciation expense $7000, credit can $22000.B. Debit accumulated depreciation $15000, credit van $15000C. debit loss disposal of plant asset $7000, debit accumulated depreciation $15000, credit van $22000. D. None of the above.
Question 2) a purchase discount was recorded as a credit to purchases account- the remainder was properly recorded. This error will cause:A. Net income will be understated.B. Total assets will be overstated.C. net income will be overstated. D. None of these are correct.
Question 3) A purchase discount that's was earned and never recorded. This error may cause:A. Total assets will be overstated.B. Net income will be overstated.C. net income will be understated. D. None of the above.
Question 4) if the ending inventory is overstated,A. Gross profit is overstated.B. Gross profit upis understated.C. cost of goods sold is overstated. D. None of these are correct.
What is the price of each bond today and if interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now?
Conduct basic tax research and tax planning on individual federal taxation issues and determine how to minimize individual income tax within specific risk and legal parameters.
1. lime finance company needs its customers to purchase a credit life insurance policy linked with the loans it makes.
what amount of gift tax will she pay? Evaluate net tax savings percentage as a family unit if Sean sells the land
For the period 1 May 2013 to 31 March 2014, Emma travelled 10,000 kilometres in the car and incurred expenses of $550 (including GST) on minor repairs that have been reimbursed by Periwinkle
question 1caroline is a 55-year-old australian resident. she is the chief marketing officer based in sydney for xyz
Discuss whether Triceratops Toys Manufacturing Limited's profits are subject to Hong Kong profits tax for the year of assessment 2012/13. The financial year of Triceratops Toys Manufacturing Limited ends on 31 March each year.
Show the advantages and the disadvantages of a company's use of these performance measures. How are these three measures related?
A Japanese company has a bond outstanding that sells for 94 percent of its ?100,000 par value. The bond has a coupon rate of 5.30 percent paid annually and matures in 15 years. What is the yield to maturity of this bond?
Prepare an essay in which you recommend the most advantageous tax filing status for Spouse A and Spouse B on their federal tax return.
Advise Justin of the capital gains tax implications if he sells these assets now
What is the net cash saved in income taxes by using double-declining-balance depreciation over straight-line depreciation?
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