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Carl Warren Tina Chester owns and operates Pinebush Print Co. During September, Pinebrush Print Co. incurred the following costs in acquiring two printing presses. One printing press was new, and the other was used by a business that recently filed for bankruptcy. Cost related to new printing press:
1. Fee paid to factory representative for installation. 2. Freight. 3. Insurance while in transit. 4. New parts to replace those damaged in unloading. 5. Sales tax on purchase price. 6. Special foundation. Costs relate to used printing press:7. Amount paid to attorney to review purchase agreement. 8. Freight. 9.Installation.10. Repair of vandalism during installation. 11. Replacement of worn-out parts. 12. Repair of damage incurred in reconditioning the press: a. Indicaate which costs incurred in acquiring the new printing press should be recorded as an increase to the asset account. b. Indicate which costs incurred in acquiring the used printing press should be recorded as an increase to the asset account.
month of april.beginning wipnbspnbspnbsp nbspnbspnbsp 18000 unitsnbspnbspnbsp started in productionnbspnbspnbsp
In the middle of the year, the price of Lake Corporation's major raw material increased by 8%. How would this increase affect the company's break-even point and margin of safety?
Prepare summary journal entries to record the requisition slips, time tickets, the assignment of manufacturing overhead to jobs, and the completion of Job No. 329. Show computations.
Staley company has 30 order operators with associated costs of $1,000,000 per year. Staley calculated that each operator worked about 2,000 hours per year. Allowing for time off, each operator provided about 1,600 or productive work per year. What..
an analysis of the general ledger accounts indicates that office equipment which cost 67000 and on which accumulated
At the beginning of 2008, a decision was made to change to the straight-line method of depreciation for the machinery. The depreciation expense to be recorded for the machinery in 2008 is (round to the nearest dollar)
Finished goods inventory at the end of last December was 200 units. Ending finished goods inventory is equal to 25 percent of the next month's sales. Jasper Company expects to sell the brackets for $45 each. How many brackets should Jasper produce..
Prepare the journal entries to correct the errors (ignore income taxes). Prepare the journal entries to record 2009 depreciation for any assets record in requirement
silva and juanita rodriquez are the owners of year-round landscape inc. a small landscape and yard service business in
use the following data for abc music co. to prepare a statement of cash flows using the indirect method for the year
Provide examples of resources that are temporarily restricted as to: (a) purpose; (b) time; and (c) the occurrence of a specific event. Provide an example of permanently restricted resources.
wood-mode company is involved in the design manufacture and installation of various types of wood products for large
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