Entries by Munene david

Part A)On January 2, 2018, Alpaca Company purchased 15,000 shares

May 4, 2020 in /by

Part A)<br/>On January 2, 2018, Alpaca Company purchased 15,000 shares of the stock of Zebra Company, and did not obtain significant influence.  The investment is intended as a long-term investment.  The stock was purchased for $12 per share, and represents a 10% ownership stake.  Zebra Company made $55,000 of net income in 2018, and paid dividends of 50 […]

 

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A company purchased office equipment for $43000

May 4, 2020 in /by

A company purchased office equipment for $43000 and estimated a salvage value of $8000 at the end of its 5-year useful life. The constant percentage to be applied against book value each year if the double-declining-balance method is used is   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code […]

 

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Annapolis Company purchased a $5,000, 7%, 7-year bond at 99

May 4, 2020 in /by

Annapolis Company purchased a $5,000, 7%, 7-year bond at 99 and held it to maturity. The straight line method of amortization is used for both premiums &amp; discounts. What is the net cash received over the life of the bond investment?  (all money received minus all money paid, round to nearest whole dollar)   Looking for […]

 

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Ocean Pines Company had net income $600,000.

May 4, 2020 in /by

Ocean Pines Company had net income $600,000. They also had depreciation expense of $125,000, an increase or (decrease) in accounts receivable of $50,000, and an increase or (decrease) in inventory of $15,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or […]

 

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