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Question - Jhoslen traded in office equipment with an adjusted basis of $20,000 (and value of $40,000) for other (like - kind) office equipment then valued at $35,000. Jhoslen also received $5,000 in cash as part of the deal. What was Jhoslen's recognized gain on the exchange, if any?
Both invoices were approved for payment. Prepare journal entries to record the encumbrance and acceptance of the supplies. Also, state the balance available for spending in the public safety supplies appropriation after acceptance of the second de..
Arantxa Corporation has outstanding 20,000 shares of $5 par value common stock. Prepare Arantxa's journal entries to record these transaction using the cost method.
Assuming no impairment in value prior to transfer, how would one record assets transferred by a parent company to another entity it has created on the newly created entity's books?
harper company manufactures one product that is sold for 80 per unit in two geographic regions-the east and west
Change the compensation of salespersons from fixed annual salaries totaling $150,000 to total salaries of $60,000 plus a 5% commission on sale
a company purchased a semi-automatic assembly-line machine for 100000 five years ago. if the same machine costs 150000
Total fixed manufacturing costs were $ 1,700 and total fixed marketing and administrative costs were
List and describe at least three discipline areas in which a modern safety and health manager might be required to have at least a basic level of competency. What are some common, predictable problems that a safety and health manager might face du..
Does GAAP distinguish between fair values that are readily determinable from a securities exchange versus those needing to be calculated based on the company's own assumptions?
pitre inc. earned net income of 150000 during 2010. the company wants to earn net income of 25000 more during 2011. the
organic life co. is an hmo for businesses in the portland area. the following account balances appear on the balance
Two alternative machines will produce the same product, but one will produce higher quality items which can be expected to return greater revenue.
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