real estate brokers commission remodeling costs All of these are included 15A

Real estate brokers commission remodeling costs all

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real estate broker's commission. remodeling costs. All of these are included. 15.A current liability is a debt that can reasonably be expected to be paid out of currently recognized revenues. within one year . out of cash currently on hand. between 6 months and 18 months. 16.A current liability is a debt the company reasonably expects to pay from existing current assets within the operating cycle. one year or the operating cycle, whichever is shorter. one year or the operating cycle, whichever is longer . one year. 17.Which of the following is usually not an accrued liability? Wages payable Taxes payable Notes payable Interest payable 18.Twenty $1,000 bonds with a carrying value of $25,600 are converted into 2,000 shares of $5 par value common stock. The common stock had a market value of $9 per share on the date of conversion. The entry to record the conversion is Bonds Payable 20,000 Premium on Bonds Payable 5,600 Common Stock 10,000 Paid-in Capital in Excess of Par 15,600 Bonds Payable 25,600 Common Stock 10,000 Paid-in Capital in Excess of Par 15,600 Bonds Payable 20,000 Premium on Bonds Payable 5,600 Common Stock 18,000 Paid-in Capital in Excess of Par 7,600 Bonds Payable 25,600 Common Stock 18,000 Paid-in Capital in Excess of Par 7,600
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  • Winter '11
  • asd
  • Depreciation, Generally Accepted Accounting Principles, plant asset

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