In the current year, Generous University awarded scholarships to graduate students in the amount of $5,000,000. The recipients are not required to provide any services in return for the scholarships. How should the university record the award?

At the beginning of last year, Barrington Corporation purchased a piece of heavy equipment for $ 63,000. The equipment has a life of five years or 100,000 hours. The estimated residual value is $ 3,000.

Clothing purchased land, paying $ 110 comma 000 cash and signing a $ 250 comma 000 note payable. In addition, Alpine paid delinquent property tax of $ 1 comma 100 , title insurance costing $ 1 comma 550 , and $ 5 comma 900 to level the land and

The core competency of MotorCraft Inc. is its fuel-efficient engine found in its cars. These engines are developed and built in-house. The company realizes that there is a new market opportunity to diversify.

When there few close substitutes available for a good, demand tends to be a. perfectly inelastic. b. relatively inelastic. c. perfectly elastic. d. relatively elastic?

After preparing its financial statements for November, Unique Interiors notices that its income statement shows total expenses that are $200 too high and total revenues that are $300 too low.

Bond Company sells inventory to its subsidiary, Esquivel Company, at a profit during 2020. If Bond uses the cost method to account for its equity investment in Esquivel, which of the following would be credited in the consolidated worksheet for 2021?

Most of the time it is quite difficult to separate the three functions of money. Money performs its three functions at all times, but sometimes we can stress one in particular.

The APB partnership agreement specifies that partnership net income be allocated as follows: Partner A Partner P Partner B Salary allowance 30000 10000 40000 Interest on average capital balance 10% 10% 10% Remainder 40% 40% 20% Average capital

The supply curve of reserves in an economy is horizontal when: A) the federal funds rate is greater than the seasonal credit discount rate. B) the federal funds rate is less than the secondary credit discount rate.

Colton took out a 3 year loan for $2075 at a computer store to be paid back with monthly payments at a 10.7% APR. If the loan offers no payments for the first 11 months, how many payments will Colton be required to make?