February 2020

I Need Help With Intermediate Accounting. I Need The Questions In The Next 3 Hours Bloomington Inc. exchanged land for equipment and $3,800 in cash. The book value and the fair value of the land were $104,200 and $89,700, respectively.   Bloomington would record equipment and a gain/(loss) of:     Equipment Gain/(loss)   $85,900 […]

MANAGERIAL ACCOUNTING : 8 PROBLEMS : QUESTIONS :     1.   Evaluating a special order (LO – 7-5) Miyamoto Jewelers is considering a special order for 10 handcrafted gold bracelets to be given as gifts to members of a wedding party.  The normal selling price of a gold bracelet is $389.95 and its unit product

Assignment: HW Set #2 – E3.10, E3.19, E16.16, E16.20 Assignment: HW Set #2 – E3.10, E3.19, E16.16, E16.20 1. Exercise 3.10 Cost Behavior   SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $543,000 + $1.34X,

Advance Accounting MCQ ) Michigan-based Leo Corporation acquired 100 percent of the common stock of a British company on January 1, 20X8, for $1,100,000. The British subsidiary’s net assets amounted to 500,000 pounds on the date of acquisition. On January 1, 20X8, the book values of its identifiable assets and liabilities approximated their fair values.