The tattle teller has a printing press sitting idly in its back room. the press has no market value to another printer because the machine utilizes old technology. the firm could get $480 for the press as scrap metal. the press is six years old and originally cost $174,000. the current book value is $3,570. the president of the firm is considering a new project and feels he can use this press for that project. what value, if any, should be assigned to the press as an initial cost of the new project?

Jen heard that the bank where she kept her money was going to close for good. jen said she wasn't worried

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

Need true or false 1 2 3 4 5 6 7 8