Recent Homework Questions About Accounting
E3-30A. Account for depreciation expense. (LO 1, 3). Maximus Dog Company purchased a new supply van on January 1, 2011, for $35,000. The van is estimated to last for five years and will then be sold, at which time it should be worth approximately $5,000. The company uses ...
Thursday, April 25, 2013 at 8:09am
Miller Ltd has been considering the purchase of a new machine. The existing machine is operable for three more years and will have a zero disposal price. If the machine is disposed now, it may be sold for $35,000. The new machine will cost $180,000 and an additional cash ...
Monday, April 22, 2013 at 6:37pm
Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1%, preferred stock of $40 par, and 50,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed as dividends: first ...
Sunday, April 21, 2013 at 4:04pm
Sunday, April 21, 2013 at 10:15am
2. Cindy Lou makes $30,000 per year as an exempt employee. She worked 15 hours of overtime in the month of September. Payday for wages earned in the month of September is October 7. Ignoring Federal and State income tax withholdings, how much would she receive for September ...
Saturday, April 20, 2013 at 10:20pm
Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share on January 2, 2010. Sherman Corporation had 100,000 shares of common stock outstanding during 20 I3, paid cash dividends of $120.000 during 20 I3, and reported net income ...
Saturday, April 20, 2013 at 12:15pm
the sales department?
Friday, April 19, 2013 at 7:47pm
Friday, April 19, 2013 at 5:28am
You're welcome, jmd. :-)
Thursday, April 18, 2013 at 6:33pm
The manager of an accounting office is studying the problem of incorrect account numbers being entered into the computer system and wishes to produce a p chart. A subgroup of 200 account numbers is selected from each day's enteries and checked to determine the number of ...
Tuesday, April 16, 2013 at 6:12pm
The cash payments journal used in this problem has only three special amount columns. Under what circumstances would you recommend that additional special amount columns be added to a cash payments journal?
Sunday, April 14, 2013 at 8:25pm
Hillsborough Co. has an available-for-sale investment in the bonds of Schuyler with a carrying (and fair) value of $ 85,540. Hillsborough determined that due to poor economic prospects for Schuyler, the bonds have decreased in value to $ 59,710. It is determined that this loss...
Sunday, April 14, 2013 at 4:53pm
Rushia Company has an available-for-sale investment in the 10%, 10-year bonds of Pear Co. The investments carrying value is $3,200,000 at December 31, 2010. On January 9, 2011, Rushia learns that Pear Co. has lost its primary manufacturing facility in an uninsured fire. ...
Sunday, April 14, 2013 at 4:49pm
Tuesday, April 9, 2013 at 2:25pm