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Bayarmaa owns land with an adjusted basis of $610,000 subject to a mortgage of $350,000. On April 1, Bayarmaa sells her land subject to the mortgage for $650,000 in cash, a note for $600,000, and property with a fair market value of $120,000. What is the amount realized?
War, inflation, and the condition of the foreign markets are all examples of ________.a. unsystematic risk.b. non diversifiable risk.c. business specific risk.d. internal risk.
The following items are reported on a company's balance sheet: Cash $377,600. Estimate the current ratio and the quick ratio
Elaborate Seven types of audit to the government funds and Non Profit Organisation. Recommend specific audit to the eleven government funds
Explain the accounting for each warranty type, along with the impact on the financial statements. Explain why the reporting of each differs.
Increase in accounts receivable 11,570 and Purchase of equipment (capital expenditure) 8,620. Compute net cash provided by operating activities
A company has $523 in inventory, $1,786 in net fixed assets, $210 in accounts receivable, What are the company total current assets
What is the (1) breakeven in units and (2) margin of safety in units for each year? The company has calculated that 40% of the variable cost of goods sold.
Riff CD Company has had 4 years of retained earnings. Due to this success, the market price of its 400,000 shares of $3 par value common stock has increased from $12 per share to $51. During this period, paid-in capital remained the same at $2,400,00..
in 2012 the sales revenue was 100 cost of goods sold 60 depreciation 15 and net income 12. 1112 balances on current
Garcia Co sells snowboards. Each snowboard requires direct materials of $107, What will be the selling price per unit if Garcia uses markup of 10% of total cost
Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance
Describe the approach BA uses to determine goodwill impairment losses. (Hint: see Note 19.) How does this approach differ from U.S. GAAP?
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