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Question - On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $257,966.00 with an accumulated depreciation of $232,169.40. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $23,216.94. What is the amount of the gain or loss on this transaction?
Loss of $25,796.60
Loss of $2,579.66
Gain of $2,579.66
Gain of $25,796.60
Simple SA has just purchased a roasting/salting machine to produce roasted walnuts. The finance director asks for your advice on how the company should calculate the depreciation on this machine. Details are as follows:
Cain Corp. acquired all of the outstanding $10 par value voting common stock of Frey, Inc. on January 1, 2013 in exchange for 25,000 shares of its $10.
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Where is the information about the foreign currency (FC) transactions?
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basically we have fob shipping point and fob destination. with fob shipping point the ownership title passes to the
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NWA's Financial Statements contain the following information: Cash $300,000 Accounts Payable $500,000 Accounts Receivable $650,000 Accrued Expenses $150,000 Inventory $800,000 Long Term Debt $1,000,000 Marketable Securities $100,000 Required:
on june18 2006 jantz company had accounts receivable of 600000 and anallowance for doubtful accounts with a 22000
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