I know the answer to the problem but i need to know what IAS standard this problem covers
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I know the answer to the problem but i need to know what IAS
standard this...
i just need the answer to second part. I don't know what else I have to add to journal entry. Problem 7-3B Calculate...
i just need the answer to second part. I don't know what else
I have to add to journal entry.
Problem 7-3B Calculate and record goodwill (LO7-2) Northern Equipment Corporation purchased all the outstanding common stock of Pioneer Equipment Rental for $5,550,000 in cash. The book values and fair values of Pioneer's assets and liabilities were: Book Value $ 700,000 4,050,000 120,000 (800,000) $4,070,000 Fair Value $ 600,000 4,750,000 210,000 (800,000) $4,760,000 Accounts Receivable Buildings Equipment Accounts Payable Net assets...
I don't need the answer I just want to know what type of problem this is...
I don't need the answer I just want to know what type of
problem this is and the physics behind it.
NEED-TO-KNOW COMPREHENSIVE (This problem extends the Comprehensive Need-To-Know of Chapter 1.) After several months of planning,...
NEED-TO-KNOW COMPREHENSIVE (This problem extends the Comprehensive Need-To-Know of Chapter 1.) After several months of planning, Jasmine Worthy started a haircutting business called Expressions. The following events occurred during its first month. a. On August 1, Worthy invested $3,000 cash and $15,000 of equipment in Expressions in exchange for common stock. b. On August 2, Expressions paid $600 cash for furniture for the shop. c. On August 3, Expressions paid $500 cash to rent space in a strip mall for...
the answer is A ...but i need to know how to work the problem 16) _...
the answer is A ...but i need to know how to work the
problem
16) _ 16) How many atoms of Ar gas are present in a 340 mL container at 55°C and 720 mmHg? A) 4.3 x 1022 Ar atoms B) 7.2 x 1021 Ar atoms E11.7x1024 Ar atoms D) 0.012 Ar atoms E) 2.9 x 1023 Ar atoms L Lant in ralanced when a 17
I would just like to know if i'm correct before submitting. Problem 2-P15.14 Please solve this...
I would just like to know if i'm correct before submitting.
Problem 2-P15.14 Please solve this problem below. Quasi-Reorganization: The Hassani Corporation has the following balance sheet: Current assets Noncurrent assets $500,000 $4,000,000 Current Liabilities Long-term liabilities Common Stock Retained Earnings Total Liabilites & Equity $400,000 $2,800,000 $2,500,000 -1,200,000 $4,500,000 Total assets $4,500,000 Company profitability has been marginal, in part due to book values of noncurrent assets that do not adequately reflect the reduced earning power of the assets. To...
Apologies, I dont need the ratios calculated! i just need the correcting journal entry for this...
Apologies, I dont need the ratios calculated! i just need the
correcting journal entry for this problem
Information: Despite all of your hard work to correct Terry's financial statements, the internal auditor recently found a mistake that need to be corrected before the financial statements are closed for the period. In Year 2, research and development costs of $24,000 were expensed instead of capitalized into Patent (which is allowed when you purchase a patent from another company, as Terry did)....
i need help knowing how to correct what i got wrong! thanks! previous attempt. 4 Problem...
i need help knowing how to correct what i got wrong!
thanks!
previous attempt. 4 Problem 15-10 (Algo) Sales-type lease; purchase option reasonably certain to be exercised before lease term ends; lessor and lessee (LO15-3, 15-6) 25 awarded -Mid-South Auto Leasing leases vehicles to consumers. The attraction to customers is that the company can offer competitive prices due to volume buying and requires an interest rate implicit in the lease that is one percent below alternate methods of financing. On...
I did some of the problem just dont know if its right and need help on...
I did some of the problem just dont know if its right and need
help on the rest
Exercise 11-7A Cash dividends for preferred and common shareholders LO 11-3 Weaver Corporation had the following stock issued and outstanding at January 1, Year t 1. 103,000 shares of $11 par common stock 2. 8,000 shares of $150 par, 7 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 8,000 shares of preferred stock and...
Sorry for the long problem, but I have done this problem twice and I get different...
Sorry for the long problem,
but I have done this problem twice and I get different totals for
assets and liabilities...Thanks.
Sparty Corporation has been operating for two years. The December 31, 2018 account balances are: Cash Accounts Receivable Inventory $250.000 65.000 29,000 20.000 180.000 210.000 Accounts Payable Salaries Payable Notes Payable - long term Contributed Capital Retained Earnings $190,000 45,000 175,000 220,000 124,000 Short-term Investments Equipment Land During the year 2019, the company had the below activities. Note that...
I would to know how to write these transaction into the journal The transaction will be...
I would to know how to write these transaction into the
journal
The transaction will be show below as pictures
The journal template will be shown below as a screeshot:
Snip & Sketch New 2 5 Problem 2-2A Preparing General Journal entries LO3,5,6 Bruce Ibach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2021 May 2 1 Purchased new equipment, paying cash of $14,000 and signing a 90-clay note payable for the...
i just need the answer to second part. I don't know what else
I have to add to journal entry.
Problem 7-3B Calculate and record goodwill (LO7-2) Northern Equipment Corporation purchased all the outstanding common stock of Pioneer Equipment Rental for $5,550,000 in cash. The book values and fair values of Pioneer's assets and liabilities were: Book Value $ 700,000 4,050,000 120,000 (800,000) $4,070,000 Fair Value $ 600,000 4,750,000 210,000 (800,000) $4,760,000 Accounts Receivable Buildings Equipment Accounts Payable Net assets...
I don't need the answer I just want to know what type of
problem this is and the physics behind it.
NEED-TO-KNOW COMPREHENSIVE (This problem extends the Comprehensive Need-To-Know of Chapter 1.) After several months of planning, Jasmine Worthy started a haircutting business called Expressions. The following events occurred during its first month. a. On August 1, Worthy invested $3,000 cash and $15,000 of equipment in Expressions in exchange for common stock. b. On August 2, Expressions paid $600 cash for furniture for the shop. c. On August 3, Expressions paid $500 cash to rent space in a strip mall for...
the answer is A ...but i need to know how to work the
problem
16) _ 16) How many atoms of Ar gas are present in a 340 mL container at 55°C and 720 mmHg? A) 4.3 x 1022 Ar atoms B) 7.2 x 1021 Ar atoms E11.7x1024 Ar atoms D) 0.012 Ar atoms E) 2.9 x 1023 Ar atoms L Lant in ralanced when a 17
I would just like to know if i'm correct before submitting.
Problem 2-P15.14 Please solve this problem below. Quasi-Reorganization: The Hassani Corporation has the following balance sheet: Current assets Noncurrent assets $500,000 $4,000,000 Current Liabilities Long-term liabilities Common Stock Retained Earnings Total Liabilites & Equity $400,000 $2,800,000 $2,500,000 -1,200,000 $4,500,000 Total assets $4,500,000 Company profitability has been marginal, in part due to book values of noncurrent assets that do not adequately reflect the reduced earning power of the assets. To...
Apologies, I dont need the ratios calculated! i just need the
correcting journal entry for this problem
Information: Despite all of your hard work to correct Terry's financial statements, the internal auditor recently found a mistake that need to be corrected before the financial statements are closed for the period. In Year 2, research and development costs of $24,000 were expensed instead of capitalized into Patent (which is allowed when you purchase a patent from another company, as Terry did)....
i need help knowing how to correct what i got wrong!
thanks!
previous attempt. 4 Problem 15-10 (Algo) Sales-type lease; purchase option reasonably certain to be exercised before lease term ends; lessor and lessee (LO15-3, 15-6) 25 awarded -Mid-South Auto Leasing leases vehicles to consumers. The attraction to customers is that the company can offer competitive prices due to volume buying and requires an interest rate implicit in the lease that is one percent below alternate methods of financing. On...
I did some of the problem just dont know if its right and need
help on the rest
Exercise 11-7A Cash dividends for preferred and common shareholders LO 11-3 Weaver Corporation had the following stock issued and outstanding at January 1, Year t 1. 103,000 shares of $11 par common stock 2. 8,000 shares of $150 par, 7 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 8,000 shares of preferred stock and...
Sorry for the long problem,
but I have done this problem twice and I get different totals for
assets and liabilities...Thanks.
Sparty Corporation has been operating for two years. The December 31, 2018 account balances are: Cash Accounts Receivable Inventory $250.000 65.000 29,000 20.000 180.000 210.000 Accounts Payable Salaries Payable Notes Payable - long term Contributed Capital Retained Earnings $190,000 45,000 175,000 220,000 124,000 Short-term Investments Equipment Land During the year 2019, the company had the below activities. Note that...
I would to know how to write these transaction into the
journal
The transaction will be show below as pictures
The journal template will be shown below as a screeshot:
Snip & Sketch New 2 5 Problem 2-2A Preparing General Journal entries LO3,5,6 Bruce Ibach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2021 May 2 1 Purchased new equipment, paying cash of $14,000 and signing a 90-clay note payable for the...
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