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Question: Marin Enterprises sold equipment on January 1, 2020 for $15,000. The equipment had cost $48,000. The balance in Accumulated Depreciation at January 1 is $39,000. What entry would Marin make to record the sale of the equipment? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required
If the organizations have to follow stricter and the same accounting rules, how much competition in the marketplace would we really see?
What is the book value per share, assuming that the company has only 1 class of share capital outstanding consisting of 50,000, P10 par ordinary shares?
The basic idea underlying responsibility accounting is that each manager should be held responsible for the overall profit of the company to ensure that all managers are acting together. In a merchandising company, the required merchandise purchases ..
Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return, indicate whether each project.
Determine What is the required Total Margin that will make this plan financially feasible? firm projects Reported Income Index values to be 0.85 each year.
Discuss the major methods of company valuation . In doing so, explain each method and compare their advantages and disadvantages
Write a project description for a program, service or initiative to address the problem you have described. Describe the measurable outcomes for the program
The bank offers an annual rate of 15.07% to a customer. What is the risk class of the customer? The bank's pure rate of interest is 2% and the inflation premium
The owner withdrew P60000 against the capital account. In September 30 2020 financial statement, what amount of capital should be reported
Customers had total production costs of $375,000. The journal entry to record the transfer of costs from work in process to finished goods is
On January 15, 2014, Bella Vista Company enters into a contract to build custom equipment for ABC Carpet Company. The contract specified a delivery date of March 1. The equipment was not delivered until March 31.
How does financial performance measurement helps accountants or managers to make decisions? What is the difference between horizontal, trend, vertical and ratio analysis?
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