Accumulated depreciation Study guides, Class notes & Summaries
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WGU D104 Intermediate Accounting II Units 4-6 Exam Graded A+
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Asset Turnover Ratio - ANSWER-net sales/average total assets 
 
Profit Margin Ratio - ANSWER-net income/total sales 
 
Rate of return on assets - ANSWER-net income/average total assets 
 
Current ratio - ANSWER-current assets/current liabilities 
 
acid-test ratio - ANSWER-(cash + short-term investments + net receivables) / current liabilities 
 
rate of return on common stock equity - ANSWER-(net income - preferred dividends) / average common stockholders' equity 
 
payout ratio - ANSWER-cash ...
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WGU D103 Intermediate Accounting 1: Units 2-4 Pre-Assessment 100% Solved
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WGU D103 Intermediate Accounting 1: Units 2-4 Pre-Assessment 100% Solved Report a $3500 sale on account Debit: Accounts Receivable $3500; Credit: Service Revenue $3500 
Journalize depreciation for the equipment that is $5,000 Debit: Depreciation Expense $5000; Credit: Accumulated-Depreciation Equipment $5000 
Journalize the adjusting entry for an employer that owes $1300 for payroll on Jan 10, 2021, for the payroll period ending December 31, 2020. Debit: Salaries and Wages Expense $1300; Credit:...
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COB 242 - Exam 1 Already Passed
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COB 242 - Exam 1 Already Passed Gross Margin % (Revenue - COGS) ÷ Revenue 
indicates how much of each sales dollar is left after deducting the cost of goods sold to cover expenses and provide a profit. 
Units: % 
Earnings Per Share (Net Income - Dividends on Preferred Stock) ÷ Average Outstanding Shares 
This measure indicates how much income was earned for each share of common stock outstanding. 
Units: $ 
Working Capital Current Assets - Current Liabilities 
measure of both a company's effi...
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MAC3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 12 September 2024
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MAC3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 12 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.. Ensure your success with us... QUESTION 1 (25 marks; 45 minutes) Lesidi Limited, a company listed on the Johannesburg Stock Exchange (JSE), specialises in manufacturing paint. Their flagship product, Yizo, has been rated the best paint by the South African Paint Association for the past ten years. This top award has driven Lesidi's success and challenged ...
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FIN3701 EXAM PACK 2023
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FIN3701 FINANCIAL MANAGEMENT MAY/JUNE 2017 MEMO 
(Q1) 2 cost 1 000 000 
Accumulated depreciation (20% x 1 000 000) x 3 (600 000) 
400 000 
(Q2) 2 proceeds 200 000 
Book value (400 000) 
Loss (200 000) 
Tax benefit (29% x 200 000) 58 000 
(Q3) 1 200 000 + 58 000 
(Q4) 3 750 000+20 000+5000-258 000-7000 
(Q5) 2 
(Q6) 2 
(Q7) 1 
(Q8) 2 NPV = PI (initial investment)-initial investment 
(Q9) 2 
(Q10) 1 
(Q11) 1 discount rate= 6%+0.9(9-6) 
=8.7 
NPV= 400 000{(1.0875 
-1)/0.087(1.0875...
And that's how you make extra money
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FAC2246 October Exam (DETAILED ANSWERS) 2023
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FAC2246 October Exam (DETAILED ANSWERS) 2023 100% TRUSTED workings, explanations and solutions. For assistance call or us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . 
Question 1 (20 Marks) 
The partnership agreement of Madi-Maxi Traders provided for the following: 
Balances on 1 March 20.19: 
Capital: Madi R 125 000 
Maxi R 85 000 
Current Account: Madi R 24 000 
Maxi R 8 000 (debit) 
Net profit for the period: R 366 000 
Transactions during the year, not included in profit: 
1. Madi wi...
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Louisiana Claims Adjuster's Workers Comp License Study Guide With Complete Solution
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Accident Insurance - Answer Covers expenses associated with a covered accident and can extend to ambulance and 
emergency room expenses, intensive care, and hospital costs. Accident insurance also 
provides for loss of income, and a death benefit if injuries prove fatal. 
 
Accumulated 
Depreciation - Answer The total decrease in an item's value over a period of time. Formula: (annual 
depreciation x number of years used). Subtract this number from the item's replacement 
cost to get its actua...
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FAC1601 Assignment 3 Semester 1 2024 (214921)
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FAC1601 Assignment 3 2024 (UNIQUE NO. 214921) - DUE 30 April 2024 ;100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... 
 
Question 1 Not yet answered Marked out of 3.00 QUIZ This information relates to questions 1 - 5 below: A profi table cattle feed production company, Tswelelopele Ltd, was incorporated with an authorised share capital of 900,000 NPV ordinary shares and 600,000 6.5% preference shares. The co...
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2024|2025 INTUIT BOOKKEEPING LATEST EXAM | QUESTIONS WITH CORRECT ANSWERS
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2024|2025 INTUIT BOOKKEEPING LATEST EXAM | QUESTIONS WITH CORRECT ANSWERS 
 
When choosing between two solutions, the one that will be least likely to overstate assets and income should be selected. Correct Answer: Conservatism Assumption 
 
States that an amount can be ignored if its effect on the financial statements is small and not misleading Correct Answer: Materiality Principle 
 
Once you adopt an accounting principle or method, continue to follow it consistently in future accounting peri...
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Comprehended Intermediate Accounting II Units 4-6 Questions And Answers
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Comprehended Intermediate Accounting 
II Units 4-6 Questions And Answers 
Equipment is placed in service on January 1. The cost of the equipment is $250,000 
with a salvage value of $25,000 and an estimated useful life of five years. Which 
amount of annual depreciation expense should be recorded on December 31 of Year 2 
under the sum-of-years'-digits method? - CORRECT ANSWER-$60,000 
A company placed an asset into service on Day 1 of Year 1 with the following data 
related to the purchas...
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