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Question - POR Corporation is an automobile manufacturer. POR has an unused piece of manufacturing equipment in one of its factories (i.e., a capital asset). POR has been approached by CIV Ltd., who would like to purchase the equipment. No contract has been signed, no money has been received from CIV, and the equipment is still located in POR's factory. Since this is a sale of a plant asset, not of inventory, the plant's General Manager feels that the revenue recognition principle doesn't apply, and that the sale of the asset can be recorded.
What is your response to the General Manager's request?
butte sold a machine to a machine dealer for 50000. butte bought the machine for 55000 several year ago and has a
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you purchase a bond with a coupon rate of 6.8 and a clean price of 1073. if the next semiannual coupon payment is due
However, the balance of accumulated depreciation was $400,000. In this scenario, would Company X have had to raise more capital?
You want to build a two asset portfolio including SPDRs and T-Bills that has an expected return of 5.50%. A SPDR is a Standard and Poor's Depositary Receipt.
Apart from the absence of his children, Fred's daily behavior is relatively similar to his behavior before entering Australia
Journalize Griffin Enterprises' entries to record: the issuance of the note and the payment of the note at maturity
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reed companys sales last year totaled 167000 and its return on investment was 10.40. if the companys turnover was 2.60
from the following data determine for the current year the a rate earned on total assets b rate earned on stockholders
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