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State whether the following assets may be revalued. Prepare journal entries for any revaluations permitted by accounting standards. Assume that each item listed below represents a separate class of assets.
a. A company has developed a masthead for its newspaper to the point where it is a very valuable asset. Although the masthead is not currently recognised management believes it could be sold for at least $3 million.
b. A company purchased a publishing title two years ago for $1.2 million when another publisher went into liquidation. The book has been very successful and management believes that it could probably sell for $1.5 million if ever they put it on the market.
c. A company acquired a franchise for an ice-cream stand at a beach at a cost of $100,000. There is great demand for this type of franchise as evidenced by recent sales of equivalent franchises at other beaches. The current market price for such a franchise is $200,000
Contributions to fund plan (contributions made evenly throughout 2017) $200,000. Calculate the Interest on defined benefit obligation
A company is considering two mutually exclusive projects, A and B. What is the IRR of the project that is best for the company's shareholders
on december 31 2004 international refining company purchased machinery having a cash selling price of 85933.75. the
washington inc. makes three models of motorized carts for vacation resorts x-10 x-20 and x-40. washington manufactures
Compute the activity rate for each activity cost pool. Did you compute an activity rate for all of the activity cost pools? Why
Actuarial losses arising from re-measurement of projected benefit obligation: 200,000. How much is current service cost during the year
Beginning accounts receivable were $11,000 and ending accounts receivable were $14,000. All sales were on credit and totaled $559,000.
The company has earmarked no more than $55,000/month for manufacturing costs, how many units of each model should Spin Master make
Compute his likely cash balance or deficit for the end of the year. Start with beginning cash and subtract the asset buildup
Describe the effect on a call options price caused by an increase in each of the following factors.
what would be the company's break-even sales, and what amount of sales would be provided by each service type
1. 7550 a year at the end of each of the next 8 years2. 48350 lump sum now3. 100050 lump sum 8 years from nowcalculate
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