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Question - Sheridan Inc. purchased land, a building, and land improvements from Kingswood Corporation for a cash payment of $439,000. The assets were on the books of Kingswood for the following amounts: Land: $40,000, Building cost $374,400 less Accumulated Depreciation of $78,000, and Land Improvements cost $27,000 less Accumulated Depreciation of $9,000. The assets' appraised values at the date of purchase are Land $137,460, Building $270,180, and Land Improvements $66,360.
Record the purchase of the assets on the books of Sheridan.
Record the disposal on the books of Kingswood. Record as one entry.
The financial statements of The Hershey Company are presented in Appendix B, following the financial statements for Tootsie Roll Industries in Appendix A.
What are some key issues related to the integration of ethics in accounting curricula, and why are these important for how and why ethics should be taught.
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at date of his death l owned stock in m corporation. the stock was acquired 5 years ago at a cost of 12000 and it has a
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