Unscheduled claims are not dischargeable in bankruptcy
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Exhibit 22-2 On January 1, 2017, Nathan, Inc purchased a machine for $56,000. Eight-year, straight-line depreciation with no salvage value was used through December 31, 2018. On January 1, 2019, it was estimated that the total useful life of the machine from acquisition date was ten years. ? Refer to Exhibit 22-2. what is the amount of the adjusting entry that should be made on January 1, 2019?
A) $6,000 B) $3,600 C) $2,400 D) $0
The following data concern an investment project (Ignore income taxes.): Investment in equipment$180,000 Annual net cash inflows$42,000 Salvage value of the equipment$70,000 Working capital required$20,000 Life of the project 5yearsRequired rate of return 12%The working capital will be released for use elsewhere at the conclusion of the project.Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.Required:Compute the project's net present value.
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Westmore Ltd. is a British subsidiary of a U.S. company. Westmore's functional currency is the pound sterling (£). The following exchange rates were in effect during 2018: Jan.1£1=$1.60June 30£1=$1.64Dec.31£1=$1.61Weighted average rate for the year£1=$1.59?Westmore reported sales of £1,500,000 during 2018. What amount (rounded) would have been included for this subsidiary in calculating consolidated sales?
A. $2,400,000. B. $931,677. C. $943,396. D. $2,415,000. E. $2,385,000.
The advantage of Chebyshev's theorem is that its applicability extends to any population regardless of its shape. However, it is within this guarantee that its major drawback lies
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