Business, 25.10.2019 01:43 haftjnd9156
On january 1, year 1, brecon co. installed cabinets to display its merchandise in customers' stores. brecon expects to use these cabinets for five years. brecon's year 1 multistep income statement should include a. all of the cabinet costs in cost of goods sold. b. all of the cabinet costs in selling, general, and administrative expenses. c. one-fifth of the cabinet costs in selling, general, and administrative expenses. d. one-fifth of the cabinet costs in cost of goods sold
Answers: 3
Business, 22.06.2019 07:30
Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)
Answers: 1
Business, 22.06.2019 16:10
The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:
Answers: 1
Business, 22.06.2019 17:30
Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in
Answers: 1
Business, 22.06.2019 20:10
Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken
Answers: 2
On january 1, year 1, brecon co. installed cabinets to display its merchandise in customers' stores....
Biology, 10.12.2020 23:00
English, 10.12.2020 23:00
Mathematics, 10.12.2020 23:00
Mathematics, 10.12.2020 23:00
Health, 10.12.2020 23:00
Mathematics, 10.12.2020 23:00
Mathematics, 10.12.2020 23:00
Computers and Technology, 10.12.2020 23:00
History, 10.12.2020 23:00
Biology, 10.12.2020 23:00
SAT, 10.12.2020 23:00
Mathematics, 10.12.2020 23:00