As part of the initial investment, a partner contributes equipment that had originally cost $110,000 and on which accumulated depreciation of $85,000 has been recorded. If similar equipment would cost $140,000 to replace and the partners agree on a valuation of $45,000 for the contributed equipment, what amount should be debited to the equipment account?
A) $45,000
B) $140,000
C) $110,000
D) $85,000
A
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Use the incomplete stockholders' equity section of Vargas Company's balance sheet as of December 31, 2015, to answer the following question. Common stock, $7 par, 100,000 shares authorized $700,000 Additional paidÂin capital—common 160,000 Retained earnings ? Treasury stock (2,000 shares at cost) (16,000) Total stockholders' equity 974,000 What is the amount of Vargas' retained earnings?
a. $130,000 b. $ 98,000 c. $860,000 d. $114,000
While each report is unique, report formats do not vary with the researcher or the marketing research firm conducting the project, the client for whom the project is being conducted or the nature of the project itself
Indicate whether the statement is true or false
The ________ method allows managers to increase operating income through production by producing more products than needed.
A) absorption costing B) variable costing C) direct costing D) marginal costing
A successful project that also creates a need for a change to organizational structure is probably terminated by:
A) Extinction. B) Integration. C) Starvation. D) Addition.