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Question 1: Gold Grain Construction (GGC) exchanged a three-year-old excavator for a new excavator that had a list price of $73,000, which was its fair value. The old excavator originally cost $85,000 and has accumulated depreciation of $45,000 to the date of exchange. In addition to the $45,000 trade-in given for the old excavator, GGC paid $8,000 cash to complete the deal.Use the following formate for your answer: DR - account name, amount. CR - account name, amount. What is the journal entry to record the asset exchange.
jupiter company sells goods that have a cost of 450000 to danone inc. for 680000 with payment due in 1 year. the cash
Preferred Stock was authorized 5,000 shares. Prepare only the Stockholder's Equity section of the Classified Balance Sheet for the year end
in the united states public companies are required to report financial results using gaap. however accounting
I need help on this. I need a short presentation maybe 300 words using the attached financial statements. Based on the information in the tax return and financial statements,
Total manufacturingcosts, $8,000,000. Calculate the ending work-in-process inventory on December 31, 2009
Saddleback Company paid off $42,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation
At the date of acquisition, the fair value of the non-controlling interest in Subs Ltd was $800,000.
What is the cost function?Compute the profit (loss) corresponding to production levels of 8,000 and 11,000 units. P(8,000) need help with this?
Assume a company has 20,000 shares of $55 par value, Compute the total cash dividends paid to each class of stock in 2016, 2017, 2018, 2019
cardinal corporatation is a trucking firm that operates in the md-atlantic states. one of the cardinals major customers
Variance analysis receives some criticism as a performance measure. What about other measures such as ROI and EVA? Do research on the Internet and show the reference for the information.
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