Business, 02.03.2020 21:28 hanahspeers

Compare the cash and accrual methods of accounting for the following events:

A. Purchased new equipment, paying $50,000 cash and giving a not payable for $30,000 due next year.

B. Paid $3,600 for a three-year service contract on the new equipment.

C. Colleted $1,800 for services to be provided over the current and following years.

D. Received a $3,000 note from a customer for services provided in the current year. The market value of the note was only $2,400.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 19:00

Ashare stock is a small piece of ownership in a company ture or false

Answers: 2

Answer

Business, 22.06.2019 09:40

Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?

Answers: 1

Answer

Business, 22.06.2019 10:40

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?

Answers: 1

Answer

Business, 22.06.2019 19:40

Last year ann arbor corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 37.5%. the new cfo believes a new computer program will enable it to reduce costs and thus raise net income to $33,000. assets, sales, and the debt ratio would not be affected. by how much would the cost reduction improve the roe? a. 11.51%b. 12.11%c. 12.75%d. 13.42%e. 14.09%

Answers: 3

Answer

You know the right answer?

Compare the cash and accrual methods of accounting for the following events:

A. Purchase...

Questions