Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Cranston Inc. reported an impairment loss of $200,000 on its income statement for the year ended December 31, year 3. This loss was related to long-lived assets which Cranston intended to use in its operations. On the company's December 31, year 3 balance sheet, Cranston reported these long-lived assets after impairment at $1,000,000 and as of December 31, year 3, Cranston estimated that these long-lived assets would be used for another five years. On December 31, year 4, Cranston determined that the fair values of its impaired long-lived assets had increased by $50,000 over their fair values at December 31, year 3. On the company's December 31, year 4 income statement, what amount should be reported as the gain on reversal of impairment loss?
What the adjusting entry on 30 June 2017 would be? A business invested $15,000 on 1 October 2016 in 8%pa investment bonds, with interest being received
Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt. What is the per share value of Vandell to Hastings Corporation? What is the value of ..
On January 1, a company purchased 5%, 15-year corporate bonds for $59,249,660 as an investment. The bonds have a face amount of $80 million and are priced to yield 8%. Interest is paid semiannually. Prepare a partial amortization table at the effecti..
King Tut Corporation has issued 25,000 shares of common stock, all of the same class; 18,000 shares are outstanding. On 12/1/2011, King Tut's board of directors declares a cash dividend of $0.75 per share payable on 12/15/2011, to the stockholders of..
What is wealth according to God's word? What are the differences between a Christian perspective and a secular perspective on wealth creation and use of wealth
In Fiscal 2010, Dell Inc. acquired Perot Systems for $3,878 million in cash. Perot's net assets acquired hand the following fair values at the acquisition date. Prepare Dell's journal entry to record its acquisition of Perot systems, as a merger.
Rusties Company recently implemented an activity-based costing system. At the beginning of the year, management made the following estimates of cost and activity in the company’s five activity cost pools: Compute activity rates for an activity-based ..
R&R is a public corporation that, as of December 31, 2009, is subject to a year- end integrated audit by its independent auditing firm, Young & Young. What kind of opinion did Young & Young give R&R for its 2009 year-end financial statements? Under w..
Find and Describe when you would expect the account to be cleared to zero. Explain the methods you could use to reconcile these accounts.
The firm uses the CAPM to estimate the cost of common stock, and it does not expect to issue any new shares (so no flotation costs). What is its WACC?
Musical earned $308,000 in net income 2011(not including any investment income) while martin reported $126,000. Assume there is no amortization related to the original investment. Prepare consolidated net income for 2011 and show all the work.
On January 1, 2014, Rowley Company purchased a truck that cost $33,000. The truck had an expected useful life of 4 years and a $3,000 salvage value. The amount of depreciation expense recognized in 2014 assuming that Rowley uses the double declining ..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd