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Ceda Co. has equipment that cost $80,000 and that has been depreciated $50,000.
Question 1: Record the journal entry necessary for disposal under the following assumptions.
a) It was scrapped as having no value.
b) It was sold for $21,000.
c) It was sold for $31,000.
On January 2, 2005, Drew Company issued 9% term bonds dated January 2, 2005, at an effective annual interest rate of 10%. Drew uses the effective interest method of amortization. Were the 9% term bonds issued at face amount, at a discount, or at a pr..
Explain how reported accounting numbers might affect an individual's perceptions and actions. Cite two examples.
Kroger Company had the following transactions for 2014, the first year of operations: What are total assets at the end of 2014? What is the balance of the cash account at the end of 2014? What is total retained earnings at the end of 2014?
Compute the amount of depreciation expense for the first and second years of the system's life using the units-of-production depreciation method.
Discuss some experiences of the later years that may alter an older person's self-concept and may negatively influence their self-esteem
some managers prefer absorption-cost pricing also others prefer variable-cost pricing, the department provides information under both approaches using a markup of 45% on absorption cost and a markup of 68.51% on variable cost.
1. Start with the Capital Accounts. How do they differ? How are they the same? Are they realistically presented? What are the Book Values, and what are the present Ratio of the stock Prices to Book Value.
floatation amount 30000. The debentures are redeemable after 5 years. Calculate before tax and after tax cost of debt assuming a tax rate of 50%
Prepare the journal entry to record the purchase of the truck.
LB Corporation purchased a business car in June 2015 for $42,000. The car weighs 4,000 pounds and will be used 100 percent of the time in the business. Compute the largest depreciation deduction possible in 2015. No other property purchases were made..
Assume that the company’s corporate charter authorized a total of 200,000 shares of $1 par value, common stock. The company issued 50,000 shares of stock in early January for a selling price of $10 per share. Date Account Name Debit Credit Prepare th..
ABC Company sold pharmaceutical products to a Swedish company for Swedish Kronor. Prepare all necessary journal entries with brief explanation, related to this transction. Show all calculations.
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