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The Manassas Company has 55 obsolete keyboards that are carried in inventory at a cost of $9,600. If these keyboards are upgraded at a cost of $7,500, they could be sold for $19,000. Alternatively, the keyboards could be sold "as is" for $7,900.What is the net advantage or disadvantage of re-working the keyboards? Please provide desciption of why certain numbers are utlized
acme corporation began 2007 with 115000 of rawmaterial inventory 250000 of work-in-process inventory and98000 of
stonehenge inc. a manufacturer of landscaping blocks began operations on april 1 of the current year. during this time
small company reported 20x7 net income of 40000 and paid dividends of 15000 during the year. mock corporation acquired
Betty dies on February 20 of the current year. Her estate consisted of the following assets, all valued as of her date of death:
dexter corporation which uses a job costing system had two jobs in process at the end of 20x0 job no. 59 wip balance
Your firm has clients named Danny and Mary. They are married and have two dependent children. They also fully support Mary's mother, who lives with them and has no income.
1. the information below shows the assets liabilities and net worth fo a small business. arrange the items into a
Merchandise invoiced at $9,500 is sold on terms 1/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales?
Hans purchased a new passenger automobile on August 17, 2009, for $40,000. During the year the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2009.
What is the cash flow from investing activities?
Calculate the total dollar amount of discount or premium amortization during the first year (5/1/10 through 4/30/11) these bonds were outstanding. (Show computations and round to the nearest dollar.)
Karen was the president of Grebe Corporation and was paid an annual salary of $30,000 for the past three years. Karen has no other employment. Write a letter/memo to Karen in which you explain how she would treat her losses for tax purposes.
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