On january 1, year 1, warren co. purchased a $600,000 machine, with a 5-year useful life and no salvage value. the machine was depreciated by an accelerated method for book and tax purposes. the machine’s carrying amount was $240,000 on december 31, year 2. on january 1, year 3, warren changed to the straight-line method for financial statement purposes only. warren had planned the change in accordance with a consistently applied policy. warren’s income tax rate is 30%. in its year 3 financial statements, what amount should warren report as the cumulative effect of this change on the beginning balance of retained earnings if it issues single-period statements only?

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)

How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products