Stine Corp.'s trial balance reflected the following account balances at December 31, 2014: Accounts receivable (net)? $21,000 Trading securities? 8,000 Accumulated depreciation on equipment and furniture? 15,000 Cash? 18,000 Inventory? 32,000 Equipment? 25,000 Patent? 4,000 Prepaid expenses? 4,000 Land held for future business site? 18,000 In Stine's December 31, 2014 balance sheet, the current assets total is

If a bond is issued at a premium the effective interest rate is most likely

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $

Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to: