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problem 1: On January 1 year 1, Blue company rented a machine that had an estimated remaining useful life of 5 years, cost of $10,000 and accumulated depreciation of $3000 from pink company. The lease agreement was made for three years and lease payment starts on December 31 year 1 which amounts to $2000 per year. The lease is non-cancellable lease. At the end of the lease term, the fair value of the machine was found to be $5000.
Question 1: Assume a current fair market rate 8%. Record all the necessary journal entries for both blue and pink company
Explain the differences between absorption and variable costing. Find an example in another source besides your book of the variable costing contribution format income statement and then show the absorption costing income statement. Explain the diffe..
Normal 0 false false false EN-US X-NONE X-NONE ACCT445-1202B-01 Government/In..
What is? Nestlé's cost of equity based on the domestic portfolio for a Swiss? investor?
Production for the current period was assigned a $430,000 standard direct labor cost. What is the actual total direct labor cost for the current period?
A manufacturer of potting soil has the following financial data: What is the company’s unit contribution margin?
Inadequate segregation of duties in accounts payable-Inadequate training for accounts payable employees.
The company prepared the following per unit cost projections of making the part, assuming that overhead is allocated to the part at the normal predetermined overhead rate of 75% of direct labor cost.
The following accounts are taken from the December 31, 2010 adjusted trial balance of the Reed Company:
Which of the following statement(s) is true about taking a physical count of inventory?
During 2015, a company reported an increase in the defferred tax liability account of $ 77,990, an increase in the differed tax asset account of $ 35,325, and an income tax liabilty as per the 2015 income tax return of $ 398,555. What in the income t..
An employee works 50 hours (50-40 were overtime hours) during a workweek in December of 2015. He earns $9,500/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $109,700 during the year. He ha..
Doll Computer manufactures laptop computers under its own brand, but acquires all the components from outside vendors. No computers are assembled until the order is received online from customers, so there is no finished goods inventory. Assuming Dol..
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