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Question - Wrangler, Inc. sold a building and land used for business purposes for a total of $550,000. Wrangler properly allocates the sale price between the building, $350,000, and land, $200,000. Wrangler bought land and building 6 years ago for a total purchase price of $450,000 with $325,000 allocated to the building and $125,000 allocated to the land. Over the years, Wrangler has recognized $50,000 of depreciation. Please show work. What is the amount and character of Wrangler's gain or loss on the building and the land?
If the costs per equivalent unit are $2.50 and $4.50 for direct material and conversion, respectively, what is the cost of ending inventory? What is the cost of abnormal loss? How is this cost treated in May
If SBC also keeps its residual dividend policy (with all distributions as dividends, not share repurchases), what will its payout ratio be next year?
List and explain at least one advantage and one disadvantage to this business form. Use concepts that expand the basic and obvious choices.
In Task 1, you will explore the choice of allocation base (Cost Driver) for service departments; in Task 2, you will explore make-or-buy decision on the basis of relevant costs. Explain allocation bases to be used in allocating the service department..
They each have P200,000 capital balances, and they share profits and losses in a 3:1 ratio, Prepare the necessary journal entries as at December 31, 2016
Which is true about the net profit margin ratio? It is used to calculate sales that remain before costs and expenses are deducted.
In the case in which a woman ended an affair with her male supervisor, and began to receive poor performance appraisals from him, the court ruled on her Title VII harassment claim:
Estimate Ricon's component cost of equity using as many methods as possible. Which estimate you will use? Estimate Ricon's component cost of debt.
Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year.
The premium will be amortized using the straight-line method
How are various management systems such as human resource management, costs, capital budgeting, and performance measurement incorporated
Record the above transactions on the Template provided. Issued 30,000 shares in return for a warehouse. The common shares were trading for $15.75 on the date
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