Your sister receives the December bank statement (included at end of assignment). You reconcile that statement to your records. [TIP: Look over the bank statement first. If there are any unrecorded bank charges, they should be entered on the first screen of the reconciliation.1. True 2. False

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine