What amount will be debited in the december

Assignment Help Accounting Basics
Reference no: EM131784755

Question - Southern Materials owns 75% of Western furniture's common stock. On December 31 2005, southern sells a machine costing $65,000 with 15,000 accumulated depreciation at the date of sale to western for $36,000. What amount will be debited in the December 31, 2005 worksheet elimination for the machine account as a result of this transaction?

Reference no: EM131784755

Questions Cloud

Describing the factory method pattern : Any method that creates a new object and returns that object can be thought of as a "factory" method. However, the use of such a method does not necessarily.
Determine the fixed element of monthly overhead cost : the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated
Determine a candidate strengths and level of knowledge : For many IT positions, employers will include technical interview questions or a separate technical interview to determine a candidate's strengths and level.
Appropriate difficulty and length for exam : This problem must be of appropriate difficulty and length for an exam. Simplex Execution in Deterministic Operations
What amount will be debited in the december : What amount will be debited in the December 31, 2005 worksheet elimination for the machine account as a result of this transaction
Disaster recovery plan and a business continuity plan : What is the difference between a disaster recovery plan and a business continuity plan?
Which positions will be most critical to fill first : Members of the team will be from different departments, may have different interests, come from different backgrounds, and have different priorities
Supply chain management is full of challenges : Supply chain management is full of challenges that can result in higher costs, wasted materials and production errors.
Discuss about choices to reach an executive in a company : When you are trying to reach an executive in a company, you have at least three choices: Call and be put on hold until the executive is free.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd