How do i record this as a journal entry
The equipment that was bought had a fair market value of $450,000, but the actual purchase price was $400,000. They signed a 5-year 6% note payable and paid $150,000 cash. How do I record this as a journal entry.
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Record the journal entry to charge materials (at standard)to Work in Process
How would these assets appear on the balance sheet as of Dec 31,2008
Comment on any significant problem or areas of cost savings revealed by your computation of cost variances. Also comment on any possible causal relationships between significant favorable and unfavorable cost variances.
The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multipurpose dry chemical at 480 PSI. Thecommercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry c
Cost of goods sold was increased by $7 million to correct an error in the calculation of 2012's ending inventory. The amount is material.
The following information relates to Interstate Trucking for its first year of operations (data in millions ofdollars): Interstate's taxable income ($ in millions) is:
If the company uses the double-declining-balance method of depreciation, what is the balance of the Accumulated Depreciation-Equipment account at December 31, 2013?
Determine whether Bill's return on sales ratio has met the company wide target. Has Bill done a good or poor job? Explain.
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