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Question - Cathy Company sold equipment for cash during 2021. The equipment originally cost $50,000 and had accumulated depreciation on the date of sale of $45,000. A gain of $1,000 was recognized on the sale of the equipment. What amount would be recorded as the cash proceeds from the sale of the equipment?
If Joey's Ltd. had earnings per share of $18.28 for 2020, which companies shares would you chose to invest in if you had to pick one, Kent's Inc. or Joey's Ltd?
Marketing research in determining consumer preferences 400,000. 1. What amount should be capitalized as cost of intangible asset
Compute a materials price variance for the plates purchased last month and a materials quantity variance for the plates used last month
In 2020, Miranda records net earnings from self-employment of $158,500. She has no other income. Determine the amount of Miranda's self-employment tax.
Calculate the equivalent units for conversion costs
The following events are indicated in note 15 of J. Crew's 10K annual report for the fiscal year ended January 29, 2011, and its 10K was filed on March 21, 2011.
During 2006, NICO Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax r..
Target Price = $180,000; Sharing Ratio = 60/40; Ceiling Price = $200,000; Actual Cost = $190,000. Calculate the Fee and the Final Price for the project
rainbow cruises operates a week-long cruise tour through the hawaiian islands. passengers currently pay 1800 for a
Cash paid for operating expenses 912,500. Make a statement of cash flows for Escape Travel Service for the year ended November 30, 2012
On September 30, the Cash account of XYZ Company had a normal balance of $5,000. What was the balance in the Cash account at the beginning of September
Calculate the environmental cost per pound for each product. Which of the two appears to cause the most degradation to the environment
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