Port inc owns 100 % salem inc
Webestablishing Mary’s interest, the following adjustments be made: 1. An allowance for doubtful a. P 25,000 b. P 100,000 c. P 125,000 d. P 150,000 accounts of 3% of accounts receivable is to be established; 2. Merchandise inventory is to be adjusted upward by P 25,000; and 3. Prepaid expenses of P 3,600 and accrued liabilities of P 11. WebPort, Inc. owns 100% of Salem Inc. On January 1, Year 1, Port sold Salem delivery equipment at a gain. Port had owned the equipment for two years and used a five-year straight-line depreciation rate with no residual value. Salem is using a three-year straight-line …
Port inc owns 100 % salem inc
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WebJan 13, 2024 · There are three categories for filers with the SEC. Entities with market values exceeding $700,000,000 are classified as large accelerated filers; entities with market values between $75,000,000 and $700,000,000 (and at least $100 million in annual revenues) are accelerated filers; and entities with market value below $75,000,000 and/or annual … WebSouthport Acquisition Corporation Registered Shs -A- Stock , PORT 10.37 -0.01 -0.10% Official Close 4/12/2024 NYSE
WebPort, Inc. owns 100% of Salem Inc. On January 1, Year 1, Port sold Salem delivery equipment at a gain. Port had owned the equipment for two years and used a five-year straight-line … WebWith logistics hubs in Savannah, Charleston, and Norfolk we’re able to provide our clients with access to optimal rail locations, unmatched proximity to major interstates, America’s …
WebJan 1, 2024 · See Answer. Question: Port Inc. owns 100 percent of Salem Inc. On January 1, 20X2, Port sold delivery equipment to Salem at a gain. Port had owned the equipment for … WebJan 28, 2024 · At December 31, 20X1, the total lease liability was $76,364 (the sum of the current portion of $1,364 and the long-term portion of $75,000). The $9,000 payment made on January 2, 20X2, was for the $1,364 current portion and the interest of $7,636 ($9,000 - $1,364). After the January 2, 20X2, payment, the total lease liability is $75,000.
WebDOUBT DEPRECIATION BECKER MC 00450 Port, Inc. owns 100% of Salem Inc. On January 1, Year 1, Port sold Salem delivery equipment at a gain. Port had owned the equipment for …
http://www.accountingmcqs.com/port-inc-owns-100-of-salem-inc-on-january-1-year-6-mcq-3631 the maati centre guwahatiWebOct 23, 2016 · Port, Inc. owns 100% of Salem Inc. On January 1, Year 1, Port sold Salem delivery equipment at a gain. Port had owned the equipment for two years and used a five … tidal waves roblox idWebPort Inc. owns 100 percent of Salem Inc. On January 1, 20X2, Port sold delivery equipment to Salem at a gain. Port had owned the equipment for two years and used a five-year straight-line depreciation rate with no residual value. Salem is using a three-year straight-line depreciation rate with no residual value for the equipment. tidal waves seafood grillWeb(TCO C) (CPA-00450) Port, Inc. owns 100% of Salem Inc. On January 1, Year 1, Port sold Salem delivery equipment at a gain. Port had owned the equipment for 2 years and used a 5-year straight-line depreciation rate with no residual value. Salem is using a 3-year straight-line depreciation rate with no residual value for the equipment. tidal waves swim team georgiaWebJan 1, 2024 · Port Inc. owns 100 percent of Salem Inc. On January 1, 20X2, Port sold delivery equipment to Salem at a gain. Port had owned the equipment for two years and … the maati centreWebWhat should be reported as the intangible asset for this company? $190,000 $70,000 $120,000 $280,000 Port Inc., owns 100% of Salem Inc. On January 1, Year One, Port sold Salem delivery equipmentat a gain. Port had owned the equipment for two years and used a five-year straight-line depreciation rate with no residual value. tidal waves swim team marin caWebAward: 0 out of 1.00 point 0 out of 1.00 point Port Inc. owns 100 percent of Salem Inc. On January 1, 20X2, Port sold delivery equipment to Salem at a gain. Port had owned the equipment for two years and used a fi ve-year straight-line depreciation rate with no residual value. Salem is using a three-year straight-line depreciation rate with no ... thema atlantis