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Question - Goldson Ltd purchased an item of plant for £180,000 on 1 January 2018. The plant is to be depreciated on a 20% reducing balance basis.
Goldson Ltd sold the plant on 31 December 2021 and made a gain of £12,200 on disposal.
What is the amount of proceeds to be reported in the Statement of Cash Flows of Goldson Ltd for the year ended 31 December 2021?
A. £104,360
B. £61,528
C. £85,928
D. £71,182.
What are the total equivalent units for direct materials under the FIFO method if materials were added at the beginning of the process?
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How the machine would appear in the Perth Construction Company Balance Sheet on December 31, 1988, presuming the straight-line method
Whale Networks' assets have a book value of $450,000 on October 12 and a market value of $350,000. Record the acquisition of Whale Networks by Colt Corporation
The following information is taken from Hamilton Township December 31, 2013, trial balance after all adjustments were made for preparation of the government wide financial statements.
What were the changes in Target's Projected Benefits Obligation in the fiscal years ended February 3, 2018 (fiscal 2017), and January 28, 2017 (fiscal 2016)
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Income tax paid Federal Regular 62,000, AMT 16,000, New York State/City 27,000, Compute income reported for GAAP purposes and taxable income
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The customer signed a 4-month note for $110,000 at 12%. How much interest revenue did the company record in the year 2017
Prepare (1) the journal entry to record the purchase of the equipment, (2) a schedule to compute the annual interest expense
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