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Problem
Blue Company has an old factory machine that cost $60,500. The machine has accumulated depreciation of $33,880. Blue has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
(a) What entry would Blue make to record the sale of the machine for $30,250 cash?(b) What entry would Blue make to record the sale of the machine for $18,150 cash?
at the end of 2008 cyril fedako cfo for fedako products received a report comparing budgeted and actual production
Evaluate at least three methods that are used to commit financial statement fraud. Give your opinion of which method is mostly likely to be detected by external auditors. Provide support for your rationale.
1. Joe is a solicitor employed by Bloggs & Co. There are two partners, Harry and Ian. Ian is intending to retire and it has been decided that Joe should replace Ian as a partner, with Harry carrying on as a partner. Explain to each of Joe, Harry a..
Briefly describe the type of items that are not included in the body of the statement of cash flows, describe the actual transactions
Calculate the gains or losses from early retirement of bonds when Rogers, Inc repurchased the bonds from the market for $4,200,000
How is the budgetary cushion calculated, and why should a governmental entity maintain such a cushion?
Identify and explain the major forms of reciprocity found in both Foraging and Horticultural societies and provide examples regarding how they impact the level of conflict found in these societies.
Some companies argued that the recognition provisions of the standard are not needed, because the computation of earnings per share takes into account dilutive securities such as stock options. Do you agree?
write company has a maximum capacity of 200000 units per year. variable manufacturing costs are 12 per unit. fixed
an abrogiation of the academics define
The Geranium Company paid dividends at the end of each year as follows: 20x0 $150,000, 20x1 $240,000, and 20x2 $560,000.
Prepare the Stockholders' equity section of the balance sheet for Yates Corporation at December 31, 2018. Assume net income was $110,000 for 2018
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