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Ritenour Manufacturing has an old factory machine that cost $50,000.The machine has accumulated depreciation of $28,000 and a fair value of $26,000. Ritenour has decided to sell the machine.
(a) What entry would Ritenour make to record the sale of the truck for $26,000 cash?
(b) What entry would Ritenour make to record the sale of the truck for $15,000 cash?
On January 2, Todd Company acquired 40% of the outstanding stock of McGuire Company for $205,000. For the year ending, December 31, McGuire earned income of $48,000 and paid dividends of $14,000.
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Conan Industries collected $100,000 from customers in 2010. Of the amount collected, $25,000 was from revenue earned on account in 2009. In addition, Conan earned $40,000 of revenue in 2010, which will not be collected until 2011.
Journalise the accompanying exchanges, post them in the record and parity the records in the books of Mr. Rajesh.
in recent years juresic transportation purchased three used buses. because of frequent turnover in the accounting
The average price of the company's common stock during the fiscal year was $20 per share.
What is the amount of the year-end allowance for sales returns after the adjusting entry is recorded?
Alabama Construction
The town of Seaside has decided to construct a new sea aquarium to attract tourist. The cost of the measure is to be paid by a special tax. Although most of the townspeople believe the sea aquarium is a good idea, there is disagreement about how t..
recording transactions affecting the enterprise fund and business-type activitiesthe city water utility is owned and
Create a pro forma summary sheet showing the net revenue and cost impact of purchasing a new 1.2 million dollar ct scanner,create budget effect of the new CT on service line, include productivity of the service line, create financial analysis of c..
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