Business, 17.12.2019 21:31 haileysolis5
(1) a machine costing $400,000 with estimated useful life of 8 years and a residual value of $80,000. (2) a patent costing $400,000 with indefinite useful life. on dec 31, 2017, santana sells both of these assets for a combined sales price of $600,000. assuming santana had not previously recognized any impairments on the machine, what amount of a gain/loss would santana record as a result of this transaction? in entering your response indicate a loss (dr) using a positive value or a gain (cr) using a negative value. for example a gain of 1 should be entered as -1.
Answers: 1
Business, 22.06.2019 20:00
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
Business, 22.06.2019 21:00
There is just one person in our group, silvia, who seems to have radically different ideas about how to complete our project. she seems to purposely disagree with the majority opinions of the rest of us though yesterday she said something that made a lot of sense to us solve our production problem. i suggested to the entire group today that we hear silvia’s suggestions and asked silvia to share in-depth more of what she said yesterday. i am using which adaptive leader behavior?
Answers: 2
Business, 23.06.2019 01:00
Motonous corporation has completed its fiscal year and reported the following information. the company had current assets of $153,413, net fixed assets of $ 412,331, and other assets of $7,822. the firm also has current liabilities worth $65,314, long-term debt of $178,334, and common stock of $162,000. how much retained earnings does the firm have?
Answers: 2
Business, 23.06.2019 02:30
Harmon inc. produces joint products l, m, and n from a joint process. information concerning a batch produced in may at a joint cost of $75,000 was as follows:
Answers: 3
(1) a machine costing $400,000 with estimated useful life of 8 years and a residual value of $80,000...
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