Asubsidiary of aep places in service electric generating and transmission line equipment at a cost of $3,000,000 with half of it borrowed at 11 percent over 8 years. it is expected to last 30 years with a salvage value of $250,000. the equipment will increase net income by

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

Vincent is interested in increasing his earning potential upon completing his internship at a major accounting firm. which option can immediately boost his career in the intended direction? b. complete a certification from a professional organization c. complete a new four-year undergraduate program in a related field d. complete a two-year associate degree in a related field e. complete an online course in accounting

Double corporation acquired all of the common stock of simple company for