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Question - Bridgeport Enterprises owns the following assets at December 31, 2020.
Cash in bank-savings account 72,000 Checking account balance 21,100
Cash on hand 9,320 Postdated checks 880
Cash refund due from IRS 36,200 Certificates of deposit (180-day) 92,010
Required - What amount should be reported as cash?
Amer Co. changed its estimates to a total useful life of 7 years from the date of purchased and with a salvage value of $75,000. What is depreciation expense
What recommendations would you suggest to the FASB for further improving the accounting and auditing guidance in the area of vendor rebates?
X Company sold merchandise for $8,800 cash. The merchandise had cost the company $7,100. What is the effect of the sale on the balance sheet?
Consider the ethical implications of such a decision. Would the replacement of the equipment be optimal? What might the impacts be to the workforce? Would there be potential impacts on financial results which extend beyond the immediate savings pr..
y company is owned as a sole proprietorship by z who has made 5000 of withdrawals during the year from y. y had
The cost of goods purchased during June amounted to $90,000. The estimated cost of E. Preslay Company's inventory on June 30 is
The entity changed to the straight line method on January 1, 2019. The residual value did not change. What is the depreciation expense on this machine for 2019
Which is not true about the Statement of Financial Position in the given choices? Biological Assets should be reported in the statement of financial position
He needs to repay the loan 10 days from now. He will repay a total of $994. What is the effective annual rate of interest on the payday loan
The Tan Company purchased merchandise inventory on account with a list price of $5,000 and credit terms of 1/20, n/45. What was the net or cash cost for the merchandise?
MGMT640 Analyze ROA and ROE and how each one fits into Profitability Ratios. What is financial leverage? What are the benefits and risks associated.
As a student taking online classes or relying on online resources such as libraries and tech support, evaluate the benefits of the school providing you with 24 / 7 access to these resources in relation to the costs incurred by the school itself.
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