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Question - A company reported the following for the most recent year:
Cash received from stock issuance: $25 million
Cash received from sale of long-lived assets: $5 million
Cash paid for new equipment: $10 million
Cash received from a 2-year loan to a customer: $2 million
Required - Based on the above, what is the net amount of cash flows from investing activities?
The average inventory for the year amounted to $2,500,000. The average days in inventory during the year was approximately
May 8. Purchased office supplies for cash, $150. Journalize the adjusting entry for merchandise inventory shrinkage, $3,750
Immediately after the purchase, the factory was renovated at a cost of $50,000. At what amount should Warehouse Supply record the factory
Timberland is considering manufacturing special crates to be used for shipping new mainframe computers. Prepare a schedule showing the target cost
Expected return on the market portfolio is 10%, the risk-free rate is 6%. Calculate equilibrium expected returns for stocks A and B
What portion of the $740000 should be shown as a current and long-term liability in Ivanhoe's December 31, 2017 balance sheet
On October 1, 2011, $2,500,000 of these bonds were converted into 35,000 shares of $15 par common stock. Accrued interest was paid in cash at the time of conversion.
The asset depreciates on a straight-line basis at the rate of $40 per month and depreciation is calculated to the nearest month (two entries required)
What assumptions or principles of accounting are relevant to this case
Outstanding checks for the month is P1,500,000. Last months, bank service charge was P50,000. How much is unadjusted book credits?
Prepared in good form a working paper and conclude whether the auditor can rely on the control of completeness of sales and receivables
kyle inc. has collected the following data on one of its products direct materials standard 4 per finished unit total
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