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Roberts Company sold equipment for $320,000, purchased a building for $6,850,000, sold short-term investments for $350,000, repaid principal on a note payable for $2,650,000 plus $300,000 of interest, and paid cash dividends of $27,000. How much was the net cash flow from investing activities?
Wilton Company reported net income of $40,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities f..
On January 1, 2009, Princess Corporation leased equipment to King Company. The lease term is 8 years. The first payment of $675,000 was made on January 1, 2009. The equipment cost Princess Corporation $3,600,000. The present value of the minimum l..
Details co held bonds of schooner corp with a cost
Harold also pays $20,000 for the business's goodwill and another $20,000 for the seller's covenant not to compete for the next five years. Compute Harold's amortization deduction for the year of purchase.
gammell inc. reported net income of 40000 for 2009. the income tax return excluded an expense item of 3000 because
three students are playing a card game. they decide to choose the first person to play by each selecting a card from
all of the following are correct statements about the cost-based transfer price approach except that it can understate
Prepare the current liabilities section of the balance sheet for Rock On Magazine Co. on March 31, 2009.
a. Calculate the predetermined overhead allocation rate. b. Calculate the overhead cost applied during the year.c. Determine the amount of over- or underapplied overhead.
Develop flowcharts of a business process using traditional flowcharting techniques as well as data flow diagram.
beerbev inc. reported the following operating information for a recent yearnet sales6400000cost of goods
leaf industries is preparing its master budget for 2013. relevant data pertaining to its sales budget are as
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