I am the bonus and will try hard to be the bonus to be bonus
Answer:
Openness, equality, creativity and flexibility
Explanation:
This is an example of material symbols
Answer:
1. How much cash did Anders receive from the sale of equipment?
$ 47,400
How much depreciation expense was recorded on equipment during 2019
$ 57,000
What was the cost of new equipment purchased by Anders during 2019?
$ 185,000
Explanation:
Book Value -$ 53,000
Sale Value $ 47,400
Sold Loss -$ 5,600
Accum. Depreciation Eq. 2018 $ 236,000
Accum. Depreciation Eq. 2019 -$ 126,000
Book Value -$ 53,000
REAL Depreciation During 2019 $ 57,000
Property and Equipment 2018 -$ 335,000
Property and Equipment 2019 $ 245,000
Original Cost $ 275,000
REAL Depreciation During 2019 $ 185,000
Answer:
Purchase
Treasury Stock $255,000 (debit)
Cash $255,000 (credit)
Sale 1.
Cash $108,000 (debit)
Common Stock $108,000 (credit)
Sale 2.
Cash $98,000 (debit)
Common Stock $98,000 (credit)
Sale 3.
Cash $43,000 (debit)
Common Stock $43,000 (credit)
Explanation:
<u>When a Company purchases its own shares</u>
De-recognize the Assets of Cash and also de-recognize the Equity item Treasury Stock.
<u>When a Company sales its own shares</u>
Recognize the Assets of Cash and recognize the equity item Common Stock.