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enyata [817]
3 years ago
11

Net income for the year was $161,511. The beginning net position balances are net investment in capital assets, $585,400; restri

cted, $5,000; and unrestricted, $254,790. New golf carts were leased. The present value of the lease liability is $200,000. A principal payment of $40,000 was made during the year, and amortization of the leased asset totaled $37,500. Lawn edging equipment with a carrying value of $6,100 was sold for $6,300. A new lawn mower was purchased for $75,000. At the end of the year, a $25,000 note associated with the machine remains outstanding. Depreciation of the mower was $7,500. Additional depreciation totaled $30,000.
Required
Prepare the net position section of Shelburne’s statement of net position.

Business
1 answer:
nikitadnepr [17]3 years ago
7 0

Answer:

Please see attached

Explanation:

please note that there may be differences between International Financial Reporting Standards and US GAAP

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Kevin works in an airline office. He has a habit of visiting social networking sites on his office computer during work hours. W
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Option e, using company resources for personal use

He should use his own phone or home device, and not at work

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Once a company has located several vendors, the next step in the purchasing process is to
jarptica [38.1K]

Answer:

D

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3 years ago
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dupe's age and olu's add upto 25 years. Eight years ago , dupe was twice as old as olu. how old are they now?​
Bas_tet [7]

Dupe's present age = 14 years

Olu's present age = 11 years

Explanation:

  • Let Dupe's age be x. Let Olu's age be y. Since their ages add up to 25 years, x + y = 25
  • Eight years ago Dupe's age was double that of Olu's age. Solving by simultaneous equations. Four methods are Elimination Method, Graphical Method, Substitution Method, and    Matrix Method. Let us try out Elimination method for solving a pair of simultaneous linear equations that reduces one equation to one that has only a single variable. Once this has been done, the solution is the same as that for when one line was vertical or parallel.
  • Therefore, eight years ago, Dupe's age was 6 and Olu's age was 3 so that x=2y becomes, 6=2*3. Eight years hence, x=6+8=14 and y=3+8=11. That makes, x or Dupe's age as 14 years and y or Olu's age as 11 years.  
6 0
4 years ago
Gina and Chen are both managers at CPA4U, a large accounting firm. Each has a very different management style. Gina is very outg
Vladimir [108]

Answer:

Task-oriented leader

Explanation:

Task-oriented leaders focus on accomplishing tasks in order to achieve a certain goal. These leaders will set out the tasks to be done, plan and organize resources needed to accomplish the tasks and monitor progress towards accomplishment of the tasks. Task-oriented leaders do not tend to focus on the well being of their team. Chen demonstrates traits of a task oriented leader.

7 0
4 years ago
The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month perio
Eduardwww [97]

Answer:

$33,000

Explanation:

The calculation of the fixed cost and the variable cost per machine hour by using high low method is shown below:

Variable cost per hour = (High manufacturing overhead cost - low manufacturing overhead cost) ÷ (High machine hours - low machine hours)

= ($198,000 - $153,000) ÷ (110,000 hours - 80,000 hours)

= $45,000 ÷ 30,000 hours

= $1.5

Now the fixed cost is

= High manufacturing overhead cost - (High machine hours × Variable cost per hour)

= $198,000 - (110,000 hours × $1.5)

= $198,000 - $165,000

= $33,000

6 0
3 years ago
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