Engels As part of renovation of the store, Shelf Store sold furniture and fixtures that were 3 years old for €3 300 in cash. The assets had been purchased for €27 600 and had been depreciated using the straight-line depreciation method assuming a useful life of 6 years and no residual value. Requirement: Which is the correct journal entry to record this transaction? Account naam Debit Credit Liquide middelen (Cash) €0 €3 300 Cumulatieve afschrijvingen €0 €13 800 (Accumulated depreciation) Winst op de verkoop van meubilair en armaturen (Gain on sale of furniture and fixtures) €0 €10 500 Meubilair en armaturen (Furniture and fixtures) €27 600 Account naam Debit Credit Liquide middelen (Cash) €3 300 €0 Cumulatieve afschrijvingen €13 800 €0 (Accumulated depreciation) Winst op de verkoop van meubilair en €10 500 €0 armaturen (Gain on sale of furniture and fixtures) Meubilair en armaturen (Furniture and fixtures) €27 600

Q: OCF analysis

A: Operating Cashflow Analysis  = Net Income + Depreciation and Amortization- Net Working capital

Q: July 12: Paid amount owed to Tabby Company. Activity Operating v Accounts Cash Decrease, Account…

A: Transaction: It is an event between a buyer and seller which involves money. It is an exchange of…

Q: Explain CMO Mechanics?

A: Collateralized mortgage obligation: It is a financial instrument that raises funds by…

Q: Service- industry example

A: Service industry: A service industry is an economic sector that delivers particular intangible…

Q: Required: a. Prepare a statement of LLC liquidation. b. Provide the journal entry for the final cash…

A: Given Information: Lester Capital = $48,630 Torres Capital = $65,630 Hearst Capital = $26,190…

Q: Define value chain.

A: Value Chain: Value Chain is the combination of activities including all the costs to do such…

Q: Explain Matching Principles?

A: Matching concept is an accounting principle which explains the need to match revenue with the…

Q: Ifrs solution

A: According to the question given, we need to prepare the journal entries, and, the impairment…

Q: Explain red herring

A: Red herring It is an introductory prospectus recorded with the Securities and Exchange Commission…

Q: Explain the benefits of JIT.

A: Just-in-time manufacturing system: Just-in-time (JIT) manufacturing system is an approach to…

Q: Define value drivers

A: Introduction: Value drivers are related to concept of free cash flow valuation model. This helps the…

Q: a. Prepare a common-sized income statement comparing the results of operations for Sorenson…

A: Common size income statement is used for vertical analysis wherein each item in the income statement…

Q: Define embedded options

A: Embedded options are considered to be very much beneficial for both individuals as investors &…

Q: Help needed

A:

Q: Define call protection

A: A financial instrument that does not affect the ownership of the common shareholders or management…

Q: Analyze AIS development

A: Accounting Information System( AIS) development refers to the process of creating, designing,…

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.