ACCOUNTING:TOOLS... W/WILEYPLUS >C<
ACCOUNTING:TOOLS... W/WILEYPLUS >C<
6th Edition
ISBN: 9781119298243
Author: Kimmel
Publisher: WILEY C
Question
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Chapter 13, Problem 6Q

a)

To determine

Explain the Use of FIFO instead of LIFO

b)

To determine

Explain the Use of 6-year life instead of 9-year life machinery.

c)

To determine

Explain the Use of depreciation method

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Keller Manufacturing has $80,000 in assets. They also have $40,000 in liabilities, $10,000 in expenses, and they paid out $12,000 in dividends this year. The extended accounting equation is: Assets = Liabilities + (Revenue − (Expenses + Dividends)) What would their revenue need to be for their accounts to be in balance? Help
What amount will the product xyz units be reported on the balance sheet ?
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