Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q. Expenditure for which of the foliowing activees should be capitalized as an improvement to PPBE? A. Changing the oll on a vehicle B. Repairing

image text in transcribed
image text in transcribed
Q. Expenditure for which of the foliowing activees should be capitalized as an improvement to PPBE? A. Changing the oll on a vehicle B. Repairing a breken value on a machine C. Performing a required monthly check of a compuser-controlled machine D. None of the above answors QUESTION 29 Q. A compary seceives $3,000 cash for seling a machine that had onginal acquisition cost of $20,000 and accumulated depreciabion of $13,000. What is the gain or loss, it any, for this sale? 3,0004,00020002500 Q. A company had annual cost of goods sold for calendar year 2021 of $85,000. Revenues were $200,000. The inventory balance on 12/31/2021 was $19,000. The balance on 12312020 was $16,000. What is the company's inventory tumover natio for 2021 ? 485 50 45 105 QUESTION 31 Q. A company estimales that 4% of cedit sales made during April will not be colected. Apri's sales comprise 540.000 of cash revenues and $50,000 of revenues on accourt. What is the bad debe expense for April? $1,200 92.400 $2.000 51.600 Q. Expenditure for which of the foliowing activees should be capitalized as an improvement to PPBE? A. Changing the oll on a vehicle B. Repairing a breken value on a machine C. Performing a required monthly check of a compuser-controlled machine D. None of the above answors QUESTION 29 Q. A compary seceives $3,000 cash for seling a machine that had onginal acquisition cost of $20,000 and accumulated depreciabion of $13,000. What is the gain or loss, it any, for this sale? 3,0004,00020002500 Q. A company had annual cost of goods sold for calendar year 2021 of $85,000. Revenues were $200,000. The inventory balance on 12/31/2021 was $19,000. The balance on 12312020 was $16,000. What is the company's inventory tumover natio for 2021 ? 485 50 45 105 QUESTION 31 Q. A company estimales that 4% of cedit sales made during April will not be colected. Apri's sales comprise 540.000 of cash revenues and $50,000 of revenues on accourt. What is the bad debe expense for April? $1,200 92.400 $2.000 51.600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

10th edition

78025621, 978-0078025624

More Books

Students also viewed these Accounting questions