Business, 25.04.2020 04:44 burnsmykala23

Indicate whether the following property, plant, and equipment related transactions increased (I), decreased (D), or had no effect (NE) on the financial statement elements below.
Transaction Cash Noncash Assets Liabilities Revenues / Gains Expenses / Losses
a. Acquired a machine by issuing a 5%, 5-year, $100,000 note with no down payment.
b. Incurred and paid annual interest cost of $40,000, including $8,000 of capitalized interest.
c. Spent $40,000 to upgrade an existing building. The upgrades increased the original useful life of the building.
d. Spent $5,000 for routine maintenance on existing manufacturing equipment.
e. Sold a piece of land for $125,000. The original cost of the land was $105,000.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 15:20

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is

Answers: 2

Answer

Business, 22.06.2019 17:30

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve

Answers: 3

Answer

Business, 22.06.2019 18:00

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%

Answers: 1

Answer

Business, 22.06.2019 19:00

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.

Answers: 2

Answer

You know the right answer?

Indicate whether the following property, plant, and equipment related transactions increased (I), de...

Questions