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Silverado Company purchased equipment having an invoice price of $8,000. The terms of sale were 2/10, n/30, and Silveradopaid within the discount period. In addition, Silverado paid $100 delivery charge, $130 installation charge, and $550 sales tax. The amount recorded as the cost of the equipment is?
the fiscal year ends december 31 for lake hamilton development. to provide funding for its moonlight bay project lhd
The charter of a corporation provides for the issuance of 109000 shares of common stock. Assume that 59000 shares were originally issued and 4700 were subsequently reacquired. What is the number of shares outstanding?
Journalize the transactions that occurred in September 2015 for Aquamarines. No explanations are needed. Identify each accounts payable andaccounts receivable with the vendor or customer name
In recent years, the Wall Street Journal and other publications have indicated that many companies have changed their accounting principles. What are the major reasons why companies change accounting methods?
a national beauty salon chain wants to estimate the number of times per year a woman has her hair done at a beauty
Identify three major accounting issues on which IFRS and US GAAP currently differ. For each, outline briefly the nature of the divergence, and discuss the potential impact if the IFRS position is adopted in the US.
you want to be a millionaire when you retire in 40 years. you can earn a 12.5 percent annual return. how much more will
the bootsie holding company has sales exceeding 10 billion and each of its three wholly-owned subsidiaries has sales
Yoder, Inc. has 50,000 shares of $10 par value common stock and 25,000 shares of $10 par value, 6%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Yoder wishes to dist..
Old Alabama Company purchased investments for $45,000 and plant assets for $127,000 during the current year, during which it also sold plant assets for $66,000, at a gain of $6,000. The company also purchased treasury stock for $78,000 and sold a ..
kibodeaux corporation makes a product with the following standard costsstandard quality or hoursstandard price or
how does the gross estate differ from a probate estate? what determines whether an item passes to heirs outside the
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