Paul borrowed $150,000 to purchase a machine costing $200,000. He later borrowed an additional $25,000 using the machine as collateral. Five years later, the machine has an adjusted basis of zero and two outstanding note balances of $135,000 and $18,000. Paul sells the machine subject to the two liabilities for $10,000. What is his realized gain or loss
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Business, 21.06.2019 22:20
Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:
Answers: 2
Business, 22.06.2019 14:00
Which of the following would be an accurate statement about achieving a balanced budget
Answers: 1
Business, 22.06.2019 17:00
Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is:
Answers: 2
Paul borrowed $150,000 to purchase a machine costing $200,000. He later borrowed an additional $25,0...
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