Use the information for indiana jones corporation

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1. Use the information for Indiana Jones Corporation from BE21-9. Assume that for Lost Ark Company, the lessor, Collectibility is reasonably predictable, there are no important uncertainties concerning costs, and the carrying amount of the machinery is $202,921. Prepare Lost Ark's January 1, 2011, journal entries.

Reference no: EM131110098

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Use the information for indiana jones corporation : Use the information for Indiana Jones Corporation from BE21-9. Assume that for Lost Ark Company, the lessor, Collectibility is reasonably predictable, there are no important uncertainties concerning costs, and the carrying amount of the machinery is ..
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