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Problem - David contributes to charity some tangible personal property that he had used in his business and depreciated. At the date of the donation, the property has a fair market value of $233,000 and an adjusted basis of zero; it was originally acquired for $400,000. What is the amount of David's charitable contribution?
rollie company incorporated in 2011 and had the following transactions during 2011 issued 18000 shares 40 par value
A corporation manufactures a specialty line of dresses using a job-order costing system. If job J-1 resulted in 1,200 good dresses, find the cost of goods sold
XXX Company manufactures and sells furnishings for hospitals. What is the amount of the charitable contribution deduction if XXX Company is a
Acquired land by issuing common stock of par value $100,000. What is the net cash provided (used) by investing activities
matrix stores inc. is considering leasing a building and purchasing the necessary equipment to operate a retail store.
The interest rate on the bonds, paid quarterly, is 5 percent. Calculate (a) the amount that the company will actually receive from the sale of the bonds
how has the sarbanes-oxley act of 2002 affected financial reporting for publicly traded companies? do you think that
Determine the price of a $200,000 bond issue under each of the following independent assumptions: a. 10 years annually 10% & 12% b. 10 years semi-annually 10% & 12% c. 20 years semi-annually 12% & 12%
Sold at par in 2010, convertible into 200,000 shares of common (adjusted for split). $1,000,000. Compute the basic earnings per share for 2012
Product costing systems are methods used to manage inventories. Briefly explain each of the three costing systems in accounting
Sellicks Ltd's bank reconciliation clerk is unable to reconcile the bank balance at 31 January. Make correct bank reconciliation
Prepare journal entries to record the three dividend "events" that took place during 2011. If the company's common stock was value at $135 per share when the stock dividend was declared, what would the stock price be just after the dividend shares ..
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