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charle [14.2K]
3 years ago
5

A. sound tracker company retires its delivery equipment, which cost $41,000. accumulated depreciation is also $41,000 on this de

livery equipment. no salvage value is received.
Business
1 answer:
guapka [62]3 years ago
7 0
The amount of the salvage may be calculated using various equations. We are given that the sound tracker is retired about some time and this was initially bought at $41,000. However, we are given that the accumulated depreciation is also equal to $41,000. 

Since the initial payment is similar to the accumulated depreciation hence, the salvage value is zero. 
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Answer:

5.5%

Explanation:

The underwriting spread = $0.66 per share

the percent underwriting spread = ($0.66 / $12) x 100 = 5.5%

The underwriting express is the fee that the underwriter of the stock (usually an investment bank) will charge the company for carrying out the transaction, either an IPO or simply issuing more stocks.

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Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December 31. A. On December 31, Couga
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Answer and Explanation:

The Preparation of bank reconciliation for Cougar Corp. as of December 31 is shown below:-

                                         <u>Cougar Corp.</u>

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                          <u>For the year ended December 31</u>

<u>Particulars                                                Amount</u>

Bank balance Dec 31                            $24,575

Add: Deposit in transit                            $2,500

Less:

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Outstanding checks #303          ($95)

Outstanding checks #304          ($25)     ($300)

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Less: Posting error

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3 years ago
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Answer:

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