Assume that penguin co. is considering disposing of equipment that cost $50,000 and has $40,000 of accumulated depreciation to date. penguin co. can sell the equipment through a broker for $25,000 less 5% commission. alternatively, teal co. has offered to lease the equipment for five years for a total of $48,750. penguin will incur repair, insurance, and property tax expenses estimated at $10,000. at lease-end, the equipment is expected to have no residual value. the net differential income from the lease alternative is: group of answer choices $15,000 $ 5,000 $25,000 $12,500

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

What is the difference between secure bonds and naked bonds?