- IBM leased equipment to Sharon Swander Company for 5 years at a cost of $148,000. The annual rental payments are $34,908.
- Prepare the journal entries for IBM on January 1, 2017 for the inception of the lease.
- Swifty Company leased an automobile for 50 months at $450 per month from John Simon Motors. The fair value was $19,159 and the residual value at end of lease is $1,240.
- Prepare the journal entries for Swifty Company and John Simon Motors for the lease.
ACC 422 Final Exam Guide New 2017 seek Your Dream/uophelpdotcomapjk533
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Brief Exercise 7-7
Larkspur Family Importers sold goods to Tung Decorators for $40,800 on November 1, 2017, accepting Tung’s $40,800, 6-month, 6% note.
Prepare Larkspur’s November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
ACC 422 Final Exam Guide New 2017 seek Your Dream/acc422martdotcomapjk538
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Brief Exercise 7-7
Larkspur Family Importers sold goods to Tung Decorators for $40,800 on November 1, 2017, accepting Tung’s $40,800, 6-month, 6% note.
Prepare Larkspur’s November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
ACC 422 Final Exam Guide New 2017 seek Your Dream/snaptutorialdotcomapjk535
For more classes visit
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Brief Exercise 7-7
Larkspur Family Importers sold goods to Tung Decorators for $40,800 on November 1, 2017, accepting Tung’s $40,800, 6-month, 6% note.
Prepare Larkspur’s November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
ACC 422 Final Exam Guide New 2017 seek Your Dream/uophelpdotcomapjk533
For more classes visit
www.uophelp.com
Brief Exercise 7-7
Larkspur Family Importers sold goods to Tung Decorators for $40,800 on November 1, 2017, accepting Tung’s $40,800, 6-month, 6% note.
Prepare Larkspur’s November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
ACC 422 Final Exam Guide New 2017 seek Your Dream/acc422martdotcomapjk538
For more classes visit
www.snaptutorial.com
Brief Exercise 7-7
Larkspur Family Importers sold goods to Tung Decorators for $40,800 on November 1, 2017, accepting Tung’s $40,800, 6-month, 6% note.
Prepare Larkspur’s November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
ACC 422 Final Exam Guide New 2017 seek Your Dream/snaptutorialdotcomapjk535
For more classes visit
www.snaptutorial.com
Brief Exercise 7-7
Larkspur Family Importers sold goods to Tung Decorators for $40,800 on November 1, 2017, accepting Tung’s $40,800, 6-month, 6% note.
Prepare Larkspur’s November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
Accounting 970602 paper 2 structured questions october november 2006 Alpro
Accounting 970602 paper 2 structured questions october november 2006
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This Tutorial contains excel File which can be used to solve for any change in values Brief Exercise 7-1 Brief Exercise 7-7 Brief Exercise 7-14 Brief Exercise 7-15 Brief Exercise 8-4
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This Tutorial contains excel File which can be used to solve for any change in values Brief Exercise 7-1 Brief Exercise 7-7 Brief Exercise 7-14 Brief Exercise 7-15 Brief Exercise 8-4 (Part Level Submission)
Accounting 970602 paper 2 structured questions october november 2007 Alpro
Accounting 970602 paper 2 structured questions october november 2007
Advanced Level
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Cambridge
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Accounting
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Principle of accounts
Acc 422 final exam guide (new 2018, with excel file, score 29 30)berrystraw2
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This Tutorial contains excel File which can be used to solve for any change in values
Brief Exercise 7-1
Brief Exercise 7-7
Brief Exercise 7-14
Brief Exercise 7-15
Brief Exercise 8-4 (Part Level Submission)
Brief Exercise 8-5
Brief Exercise 8-6
Multiple Choice Question 21
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This Tutorial contains excel File which can be used to solve for any change in values Brief Exercise 7-1 Brief Exercise 7-7 Brief Exercise 7-14 Brief Exercise
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This Tutorial contains excel File which can be used to solve for any change in values Brief Exercise 7-1 Brief Exercise 7-7 Brief Exercise 7-14 Brief Exercise 7-15 Brief
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This Tutorial contains excel File which can be used to solve for any change in values
Brief Exercise 7-1
Brief Exercise 7-7
Brief Exercise 7-14
Accounting 970602 paper 2 structured questions october november 2008 Alpro
Accounting 970602 paper 2 structured questions october november 2008
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
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Principle of accounts
Facebook's newest call to action, the click-to-call, is a noteworthy addition. It can aid businesses in increasing realtime business and provide new avenues to local businesses.
Accounting 970602 paper 2 structured questions october november 2006 Alpro
Accounting 970602 paper 2 structured questions october november 2006
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
FOR MORE CLASSES VISIT
www.acc422expert.com
This Tutorial contains excel File which can be used to solve for any change in values Brief Exercise 7-1 Brief Exercise 7-7 Brief Exercise 7-14 Brief Exercise 7-15 Brief Exercise 8-4
ACC 422 EXPERT Become Exceptional--acc422expert.comkopiko120
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This Tutorial contains excel File which can be used to solve for any change in values Brief Exercise 7-1 Brief Exercise 7-7 Brief Exercise 7-14 Brief Exercise 7-15 Brief Exercise 8-4 (Part Level Submission)
Accounting 970602 paper 2 structured questions october november 2007 Alpro
Accounting 970602 paper 2 structured questions october november 2007
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Acc 422 final exam guide (new 2018, with excel file, score 29 30)berrystraw2
For more course tutorials visit
uophelp.com is now newtonhelp.com
www.newtonhelp.com
This Tutorial contains excel File which can be used to solve for any change in values
Brief Exercise 7-1
Brief Exercise 7-7
Brief Exercise 7-14
Brief Exercise 7-15
Brief Exercise 8-4 (Part Level Submission)
Brief Exercise 8-5
Brief Exercise 8-6
Multiple Choice Question 21
ACC 422 Lessons in Excellence / acc422.comkopiko31
For more course tutorials visit
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This Tutorial contains excel File which can be used to solve for any change in values Brief Exercise 7-1 Brief Exercise 7-7 Brief Exercise 7-14 Brief Exercise
ACC 422 EXPERT Education for Service--acc422expert.comkopiko56
FOR MORE CLASSES VISIT
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This Tutorial contains excel File which can be used to solve for any change in values Brief Exercise 7-1 Brief Exercise 7-7 Brief Exercise 7-14 Brief Exercise 7-15 Brief
For more course tutorials visit
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This Tutorial contains excel File which can be used to solve for any change in values
Brief Exercise 7-1
Brief Exercise 7-7
Brief Exercise 7-14
Accounting 970602 paper 2 structured questions october november 2008 Alpro
Accounting 970602 paper 2 structured questions october november 2008
Advanced Level
A Level
Zimsec
Cambridge
Alpro Learning Portal
Accounting
Accounts
Zimbabwe
Principle of accounts
Facebook's newest call to action, the click-to-call, is a noteworthy addition. It can aid businesses in increasing realtime business and provide new avenues to local businesses.
Frontify is a Software for Brand Style Guides, Design Workflows & Visual Collaboration
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Provide better documentation
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ACC 422 Final Exam Guide Score 29-30 seek Your Dream/uophelpdotcomapjk533
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Question 14
A fire destroys all of the merchandise of Shamrock Company on February 10, 2017. Presented below is information compiled up to the date of the fire.
Inventory, January 1, 2017
$432,200
Sales revenue to February 10, 2017
1,935,200
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Multiple Choice Question 21
Which of the following inventories carried by a manufacturer is similar to the merchandise inventory of a retailer?
Question 14
A fire destroys all of the merchandise of Shamrock Company on February 10, 2017. Presented below is information compiled up to the date of the fire.
Inventory, January 1, 2017
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/snaptutorialdotcomapjk536
For more classes visit
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Multiple Choice Question 21
Which of the following inventories carried by a manufacturer is similar to the merchandise inventory of a retailer?
Question 14
A fire destroys all of the merchandise of Shamrock Company on February 10, 2017. Presented below is information compiled up to the date of the fire.
Inventory, January 1, 2017
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/snaptutorialdotcomapjk536
For more classes visit
www.snaptutorial.com
Question 14
A fire destroys all of the merchandise of Shamrock Company on February 10, 2017. Presented below is information compiled up to the date of the fire.
Inventory, January 1, 2017
$432,200
Sales revenue to February 10, 2017
ACC 422 Final Exam Guide Score 29-30 seek Your Dream/acc422martdotcomapjk538
For more classes visit
www.snaptutorial.com
Question 14
A fire destroys all of the merchandise of Shamrock Company on February 10, 2017. Presented below is information compiled up to the date of the fire.
Inventory, January 1, 2017
$432,200
Sales revenue to February 10, 2017
ACC 422 Final Exam Guide With EXCEL FILE seek Your Dream/acc422martdotcomapjk538
For more classes visit
www.snaptutorial.com
Multiple Choice Question 21
Which of the following inventories carried by a manufacturer is similar to the merchandise inventory of a retailer?
Question 14
A fire destroys all of the merchandise of Shamrock Company on February 10, 2017. Presented below is information compiled up to the date of the fire.
Inventory, January 1, 2017
For more classes visit
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This Tutorial contains Excel File which can be used for any change in values
Week 5 Final Exam
CPA Question 01
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
ACC 422 Week 5 Assignment
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Question 1
Brief Exercise 21-6
Your answer is correct.
Assume that IBM leased equipment that was carried at a cost of $148,000 to Sharon Swander
Company. The term of the lease is 5 years beginning January 1, 2017, with equal rental
payments of $34,908 at the beginning of each year. All executory costs are paid by Swander
directly to third parties. The fair value of the equipment at the inception of the lease is $148,000.
The equipment has a useful life of 5 years with no salvage value. The lease has an implicit
interest rate of 9%, no bargain-purchase option, and no transfer of title. Collectibility is
reasonably assured with no additional cost to be incurred by IBM.
2. Prepare IBM’s January 1, 2017, journal entries at the inception of the lease. (Credit account
titles are automatically indented when amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and enter 0 for the amounts.
Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final
answer to 0 decimal places e.g. 58,971 .)
Exercise 21-2
Swifty Company
leases an
automobile with a
fair value of
$19,159 from John
Simon Motors, Inc.,
on the following
terms:
22. Exercise 21-12
Your answer is correct.
1
.
The lease arrangement is for 10 years.
2
.
The leased building cost $4,495,000 and was purchased for cash on January
1, 2017.
23. 3
.
The building is depreciated on a straight-line basis. Its estimated economic life
is 50 years with no salvage value.
4
.
Lease payments are $269,000 per year and are made at the end of the year.
5
.
Property tax expense of $90,200 and insurance expense of $10,800 on the
building were incurred by Marin in the first year. Payment on these two items
was made at the end of the year.
6
.
Both the lessor and the lessee are on a calendar-year basis.
(a) Prepare the journal entries that Marin Co. should make in 2017.
(b) Prepare the journal entries that Headland Inc. should make in 2017
(c) If Marin paid $29,200 to a real estate broker on January 1, 2017, as a fee for finding the
lessee, how much should Marin Co. report as an expense for this item in 2017?
24. Exercise 21-14
Your answer is correct.
On February 20, 2017, Teal Inc. purchased a machine for $1,402,800 for the purpose of leasing
it. The machine is expected to have a 10-year life, no residual value, and will be depreciated on
the straight-line basis. The machine was leased to Flint Company on March 1, 2017, for a
4-year period at a monthly rental of $19,700. There is no provision for the renewal of the lease
or purchase of the machine by the lessee at the expiration of the lease term. Teal paid $31,680
of commissions associated with negotiating the lease in February 2017.
(a) What expense should Flint Company record as a result of the facts above for the year ended
December 31, 2017?
(b) What income or loss before income taxes should Teal record as a result of the facts above
for the year ended December 31, 2017? (Hint: Amortize commissions over the life of the lease.)
25. Exercise 21-16
Your answer is correct.
Presented below are four independent situations. (Round answers to 0 decimal places, e.g.
125. If answer is 0, please enter 0. Do not leave any fields blank.)
(a) On December 31, 2017, Bramble Inc. sold computer equipment to Daniell Co. and
immediately leased it back for 10 years. The sales price of the equipment was $515,900, its
carrying amount is $396,200, and its estimated remaining economic life is 12 years. Determine
the amount of deferred revenue to be reported from the sale of the computer equipment on
December 31, 2017
(b) On December 31, 2017, Sunland Co. sold a machine to Cross Co. and simultaneously
leased it back for one year. The sales price of the machine was $480,300, the carrying amount
is $417,300, and it had an estimated remaining useful life of 14 years. The present value of the
rental payments for the one year is $35,000. At December 31, 2017, how much should Sunland
report as deferred revenue from the sale of the machine
(c) On January 1, 2017, Coronado Corp. sold an airplane with an estimated useful life of 10
years. At the same time, Coronado leased back the plane for 10 years. The sales price of the
26. airplane was $504,900, the carrying amount $381,700, and the annual rental $73,315.
Coronado Corp. intends to depreciate the leased asset using the sum-of-the-years’-digits
depreciation method. How much gain on the sale should be reported at the end of 2017 in the
financial statements
(d) On January 1, 2017, Whispering Co. sold equipment with an estimated useful life of 5 years.
At the same time, Whispering leased back the equipment for 2 years under a lease classified as
an operating lease. The sales price (fair value) of the equipment was $214,800, the carrying
amount is $298,500, the monthly rental under the lease is $5,900, and the present value of the
rental payments is $114,606. For the year ended December 31, 2017, determine which items
would be reported on its income statement for the sale-leaseback transaction