If a company receives $13,800 from a stockholder, the effect on the accounting equation would be: Multiple Choice Assets decrease $13,800 and equity decreases $13,800. Assets increase $13,800 and liabilities decrease $13,800. Assets increase $13,800 and liabilities increase $13,800. Liabilities increase $13,800 and equity decreases $13,800. Assets increase $13,800 and equity increases $13,800.

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

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