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Morgarella [4.7K]
2 years ago
5

Stories Company purchased equipment and these costs were incurred:Cash price $22,500Sales taxes 1,800Insurance during transit 32

0Installation and testing 430Total costs $25,050Stories will record the acquisition cost of the equipment asa. $22,500.b. $24,300.c. $24,620.d. $25,050.
Business
1 answer:
Harrizon [31]2 years ago
4 0

Answer:

d. $25,050.

Explanation:

The computation of the acquisition cost is shown below:

= Cash price of equipment + sales tax + Insurance during transit + Installation and testing

= $22,500 + $1,800 + $320 + $430

= $25,050

To find out the acquisition cost, we have to consider all that cost which is related to the purchase of equipment. Since, all the costs are related, so we have to take all costs which are mentioned in the question.

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3 years ago
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
Troyanec [42]

Answer:

$4,469

Explanation:

Calculation for what The adjusted cash balance per the books on January 31 is

Using this formula

Adjusted cash balance = cash balance per books -bank service charges - EFT automatically deducted - NSF Check

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Adjusted cash balance= $5325 - $31 -$500 -$325

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3 years ago
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Answer:

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2 years ago
Where could student researchers and/or student subjects find additional resources regarding the IRB approval process? (There may
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Answer:

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4 0
3 years ago
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The net decrease in Prepaid Expenses (Prepaid) amounts to $30,000 and the net decrease in Accounts Payable (AP) is $20,000. Assu
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Answer:

Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.

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So, net income will be increased by $10,000 as net effect of the above adjustments.

7 0
2 years ago
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