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Question - Value Asset Inc. has an item of plant with an initial cost of $100,000. At the date of revaluation, accumulated depreciation amounted to $55,000. The fair value of the asset, by reference to transactions in similar assets, is increased to be $65,000.
Required - What are the entries to record the revaluation of the plant?
big corporation purchased 10 of small corporation on jan 1 2012 for 300000 and classified the investments as an
Budgeted sales volume is 2,500 units, actual is 2,400 units. Budgeted unit VC is $5, actual is $6. Compute sales volume variance and sales price variance
Between January 1 and January 3, employees earned additional amounts of $14,000 which will also be paid on January 3, 2020.
The company will purchase the carpets from a local distributor for $350 each, with the privilege of returning any unsold units for a full refund. Jerry's club has offered Color Rugs two payment alternatives for the use of space.
The hospital sold the stock for $ 2,800. Assuming it is a governmental hospital, prepare journal entries to record all the transactions and events related to this investment.
at the end of the current year the accountant for navistar graphics forgot to make an adjusting entry to accrue wages
Sheridan Electronics issues a $361,000, 3%, 15-year mortgage note on December 31, 2019. Prepare an instalment payments schedule for the first 4 years
Before Del had a chance to sell the car it was destroyed in a fire. Unfortunately, there was no insurance on the car. If Del's AGI is $100,000, what is the deductible casualty loss for the car?
luella corporation prepares its statement of cash flows using the indirect method. which of the following would be
Organization costs Spoiled goods The terms period cost and product cost are sometimes used to describe certain items in financial statements
Calculate the amount of cash that Skifurn expects to collect in February
1. jackson company is a publicly held corporation whose 1 par value stock is actively traded at 64 per share. the
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