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skad [1K]
2 years ago
12

A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The amount of the loss relat

ed to the sale of this machine should be reported in the operating section under the indirect method is:
Business
1 answer:
sladkih [1.3K]2 years ago
6 0

Answer: About $50,000

Explanation:

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Explanation:

Please see attached file

7 0
3 years ago
Which description applies to the middle class in American society?
Lady_Fox [76]

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(C).They tend to live comfortably as long as they have jobs

6 0
3 years ago
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Weightman Corporation's net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was
muminat

Answer:

11.00

Explanation:

Earnings \: per \: share = \frac{net \: income}{shares}

36,000 net income

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5 0
3 years ago
The two categories of cost comprising conversion costs are
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Answer:

b. direct labor and factory overhead

Explanation:

The conversion cost is that convert which is used to convert the raw material to the finished goods inventory. It is a combination of the direct labor cost and the factory overhead or manufacture overhead cost.

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It is computed by taking a difference of production cost and raw material cost

Hence option b is correct

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3 years ago
Which of the following statements is false? (2 points) If a tangible asset has a finite life, it should be amortized Goodwill is
ss7ja [257]

Answer:

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Explanation:

Research and development costs must be recognized as an expense within the accounting period in which they are presented, since regardless of whether or not a patent was obtained, the organization incurred costs represented in the research and development process that was executed. When this process generates a patent, it is necessary to recognize said right in an asset, but at no time will it be equal to the expenses incurred in the investigation process, since the company hopes to commercialize that knowledge for its own benefit.

6 0
3 years ago
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