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Question - Financial Accounting - Mailings Inc. bought an machinery on January 1, 2013 at a cost of $2,200,000 and 20 years estimated useful life. On December 31, 2017, the fair value of the machinery is P1,800,000, and revised useful life of 15 years. What is the net increase in income statement of Mailings Inc. and what is the carrying amount of the machinery two years after revaluation?
Prepare an unadjusted trial balance and Prepare and post the closing entries. Indicate closed accounts by inserting a line in both the Balance columns
What is the coupon rate during the years for which a coupon payment is made? What is the bond value today? What is the current yield this year?
How do Create a statement of comprehensive income. Assume investments are accounted for as FV-OCI investments, with gains/losses not recycled
Does investment meet the company payback criteria? The company uses payback period criteria of not accepting any project that takes more than 4 years
Determine the yield (percentage retrun on investment) to an investor from Argentina who engages in covered interest arbitrage.
What was the accumulated depreciation expense over the life of the van prior to the sale? What is the depreciation expense for 2014?
Maxwell's annual financial statements show operating profit before interest and tax of $524,425 thousand, Compute the Maxwell effective tax rate
Bill and Mercedes have $140,000 of taxable income and additional $10,000 of nontaxable income. Using the 2015 married-joint tax rates, what is their tax due, average tax rate, and effective tax rate? If they receive an additional $80,000 of taxable i..
CCES Corporation acquires a controlling interest in Schmaling, Inc. CCES may utilize three methods to internally account for this investment. Class, what are these methods? Could you discuss their advantages and disadvantages?
Calculate according to the liability and capital components of convertible bonds (Convertible Bonds) at the beginning of January 2017
How much must Thelma deposit today, at an interest rate of 8 percent, for her son to be able to withdraw $5,000 per year for four years of college?
Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2011 on this equipment?
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