
Fraud Examination
6th Edition
ISBN: 9781337619677
Author: Albrecht, W. Steve, Chad O., Conan C., Zimbelman, Mark F.
Publisher: Cengage,
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Hii teacher please provide for General accounting question answer do fast
An investment in bonds with a book value of
$125,700 is sold for $132,000. The gain or loss
on the sale of the bond investments is:
A. loss of $6,300
B. gain of $6,300
C. loss of $125,700
D. gain of $132,000
I want the correct answer with accounting question
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- The Jackson Company has invested in a machine that cost $50,000, that has a useful life of eight years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of five years. Given these data, the simple rate of return on the machine is closest to: (Ignore income taxes in this problem.) a. 3.9% b. 5.0% c. 7.5% d. 32.5%arrow_forward?!arrow_forwardTutor give step by step answerarrow_forward
- Quartz Manufacturing completes job #715, which has a standard of 480 labor hours at a standard rate of $19.50 per hour. The job was completed in 510 hours and the actual average labor rate was $20.10 per hour. What is the labor rate variance? (A negative number indicates a favorable variance and a positive number indicates an unfavorable variance.)arrow_forwardStep by step answerarrow_forwardPlease solve this question General accounting and step by step explanationexplarrow_forward
- Please provide the answer to this general accounting question with proper steps.arrow_forwardCan you solve this general accounting question with accurate accounting calculations?arrow_forwardMama Roach Exterminators, Inc., has sales of $635,000, costs of $421,000, depreciation expense of $49,000, interest expense of $21,000, and a tax rate of 37 percent. What is the net income of the firm?arrow_forward
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