A retail store using sum-of-the-years-digits method of depreciation purchased equipment costing $36,00 . and put it use on June 1 . The equipment is expected to have a useful life of 10 years and an estimated resale value of $2,400 . Compute the depreciation expense for June 1 through December 31 of the first year and all 12 months of the second year
$9,316
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Most job refusal letters ________
A) use the indirect strategy B) give concrete reasons for not hiring the candidate C) provide as much information as possible D) mention the name of the person who was hired for the position
Krech Corporation's comparative balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$31,000 $28,000 Accounts receivable 18,000 20,000 Inventory 58,000 56,000 Prepaid expenses 12,000 10,000 Total current assets 119,000 114,000 Property, plant, and equipment 374,000 354,000 Less accumulated depreciation 190,000 165,000 Net property, plant, and equipment 184,000 189,000 Total assets$ 303,000 $ 303,000 Liabilities and stockholders' equity: Current liabilities: Accounts payable$13,000 $9,000 Accrued liabilities 52,000 53,000 Income taxes payable 67,000 69,000 Total current
liabilities 132,000 131,000 Bonds payable 76,000 73,000 Total liabilities 208,000 204,000 Stockholders' equity: Common stock 28,000 26,000 Retained earnings 67,000 73,000 Total stockholders' equity 95,000 99,000 Total liabilities and stockholders' equity$ 303,000 $ 303,000 The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities.Which of the following is correct regarding the operating activities section of the statement of cash flows? A. The change in Accounts Payable will be added to net income; The change in Accrued Liabilities will be subtracted from net income B. The change in Accounts Payable will be subtracted from net income; The change in Accrued Liabilities will be added to net income C. The change in Accounts Payable will be added to net income; The change in Accrued Liabilities will be added to net income D. The change in Accounts Payable will be subtracted from net income; The change in Accrued Liabilities will be subtracted from net income
A retirement benefit plan that is integrated with the employer’s contribution to Social Security on behalf of the participant is referred to as a(n)
A. integrated plan. B. Social Security plan. C. combination plan. D. welfare benefit plan.
Candy bought a sofa from Max on credit. She is to make 5 monthly payments of $200 each. After one month Candy stops making payments. Max is a secured creditor; he may:
a. may enter Candy's home at any time to take the sofa b. take steps to repossess the sofa from Candy c. require Candy to perform manual labor in exchange for the cash payments d. force Candy to turn over the sofa plus other property to make up for Max's time and efforts spent on collection e. do none of these things, Max is not an unsecured creditor