E12-7 (Warranties) Sheryl Crow Equipment Company sold 500 Rollomatics during 2008 at $6,000 each. During 2008, crow spent $20,000
servicing the 2 year warranties that accompany the Rollomatic. All applicable transactions are on a cash basis.
(a) Prepare 2
E4-4 (Preparation of Classified Balance Sheet) Assume that Denis Savard Inc. Has he following accounts at the end of the current year.
Denis Savard Inc.
Less cash restricted for plant
E16-1 (Compensation Absences) Zero Mostel Company began operations on January 2, 2008. It employs 9 individuals who work 8-hour days and are paid hourly.
Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken a
E10-12 (Depreciation ComputationSL, SYD, DDB) Montoni Company purchases equipment on January 1,
year, 1 at a cost of $469,000. The asset is expected to have a service life of 12 years and a salvage value of $40,000.
(a) Compute the amount of depreciation
Unit 1 Annotated Bibliography
September 16, 2013
Prof: Elaine Lerner
Agrawal, A., & Knoeber, C. 1996. Firm Performance and Mechanisms to Control
Agency Problems between Managers and Shareholders. Journal of Fin
E7-5 (Recognition of Profit for Long-Term Contracts) Andre Agassi Construction Company began operations January 1, 2008.
During the year, Andre Agassi Construction entered into a contract with Lindsey Davenport Corp. to construct a manufacturing facility.
E2-7 (Assumptions, Principles, and Constraints) Presented below are the assumptions, principles, and constraints used in this chapter.
b)Historical Cost principle
c)Full disclosure principle
d)Going concern assumption