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3 years ago

Exercise 9-16

Business

1 answer:

antiseptic1488 [7]3 years ago

7 0

Answer:

Loss on sale of delivery equipment = $3,700

Explanation:

The following journal entry to record the exchange for Sheridan’s Delivery Company.

Delivery equipment debit (fair value) $2,800

Loss on sale of delivery equipment debit $37,00 (Note - 1)

Accumulated depreciation debit $15,000

Delivery equipment (original cost) credit $21,500

Note: Calculation: Loss on sale of delivery equipment = cost price of delivery equipment - accumulated depreciation - disposal of delivery equipment.

Loss on sale of delivery equipment = $21,500 - $15,000 - $2,800.

Loss on sale of delivery equipment = $21,500 - $17,800

Loss on sale of delivery equipment = $3,700

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Semmy [17]

Answer:

A.$2.99

B.$1.15

Explanation:

Frantic Fast Foods

A.Computation of the earnings per share for the year 20X

Using this formula

Earnings per Share=Earnings after Taxes/Shares Outstanding

Let plug in the formula

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3 years ago

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Answer:

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Explanation:

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4 years ago

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satela [25.4K]

Answer:

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