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Assume your company just sold a mainframe computer. The computer originally cost $300,000 and had accumulated depreciation of $100,000 on the date of the sale. Instead of the buyer paying cash, she gave you a $400,000 noninterest-bearing note due and payable in 3 years. There is no established exchange price for the computer, and the note has no ready market. The prevailing rate of interest for a note of this type is 8%. What should your company record as a gain from the sale of this computer?
andrea scarlett is a realtor. she organized her business as a proprietorship andrea scarlett realtor by investing 19000
Write a memo that identifies specific articles of the AICPA Code of Professional Conduct that were violated by Kato.
Do you think that nonresponse error might influence the results of this effort? In what way(s)? In addition to being a source of information to management, are the cards providing any other benefits? In what way(s)?
instructions using the following data complete the requirements given below. when you are given amounts to assume as
action ltd owns 100 percent of the shares of jackson ltd acquired on 1 july 2011 for 3.5 million when the shareholders
Explain how your position changes if the employer reports to the IRS the value of the employees' frequent-flyer mileage.
what minimum classifications must be used to report net assets in the government-wide statement of net assets? in the
Beck Company is concerned about quality and is considering upgrading the materials used in its product to a higher quality. Doing so would cost an additional $1.65 per unit.
on december 31 of the current year a companys unadjusted trial balance included the following accounts receivable debit
Last month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and fixed expenses were $45,000.
Company A hired Q to perform its year end audit. Subsequent to the compleation of field work, but prior to the issuance of the finicial statements, A discovers that one of its customers has filed for bankruptcy protection.
the plant asset and accumulated depreciation accounts of pell corporation had the following balances at december 31
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