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Question - Crane Company sells prefabricated pools that cost $91000 to customers for $140895. The sales price includes an installation fee, which is valued at $19700. The fair value of the pool is $136850. The installation is considered a separate performance obligation and is expected to take 3 months to complete. What the transaction price allocated to the pool and the installation?
A. $140895 and $19700 respectively
B. $136850 and $19700 respectively
C. $115822 and $25073 respectively
D. $123165 and 17730 respectively
In? addition, Paymaster must maintain a minimum, If Paymaster plans to borrow ?120,000 for a period of 4 ?months, what is the annualized cost of the bank? loan?
Analyzing and Reporting Financial Statement Effects of Bond Transactions (LO2)On January 1, 2014, Verrecchia Company issued $450,000 of 5-year, 13% bonds for $502,121, yielding a market (yield) rate of 10%. Con?rm the bond issue price.
A machine with a cost of $130,000, accumulated depreciation of $85,000, and current year depreciation expense of $17,000 is sold for $40,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is
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In comparison with a traditional system that uses a single, volume-based cost driver, an activity-based costing system is preferred when a company has
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