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Author Archives: Anonymous

H2O Inc. purchased construction equipment on January 1, 2024…

H2O Inc. purchased construction equipment on January 1, 2024 for a cost of $890,000. On January 1, 2025, the balance of accumulated depreciation was $89,000. Six months later on July 1, 2025, H20 sold the equipment when the balance of accumulated depreciation was $133,500.  The equipment sold at a price of $715,000.  The journal entry to record this sale would  

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As it relates to assets, amortization refers to

As it relates to assets, amortization refers to

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What is the initial reporting basis for all investment secur…

What is the initial reporting basis for all investment securities when the investment is purchased

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AETNA Health purchased land, a building, and equipment for $…

AETNA Health purchased land, a building, and equipment for $2,000,000. The estimated fair values of the land, building, and equipment are $250,000, $1,750,000, and $500,000, respectively. At what amount would the company record the building?

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During 2025, VIOLET Inc. purchased equity securities of INDI…

During 2025, VIOLET Inc. purchased equity securities of INDIGO Corp. for $850,000. At December 31, 2025, the value on the stock market exchange for INDIGO stock was $790,000. VIOLET had an insignificant interest in INDIGO.   The adjusting entry to record this difference included a debit to:  

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STEP Inc. has the opportunity to take out a loan at 9% inten…

STEP Inc. has the opportunity to take out a loan at 9% intended to invest in the construction of a facility to manufacture a new product. What ratio would help STEP Inc. determine if it is a good business decision to pay 9% interest for the loan:  

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The compressive strength of concrete is normally distributed…

The compressive strength of concrete is normally distributed.  A random sample of four concrete specimens yields 1876 psi, 1864 psi, 1888 psi and 1899 psi.    This question is part of a quiz or exam given at Arizona State University, copywritten by Dr. L. Chattin.  It may not be reproduced, posted or distributed without permission of Arizona State University and L. Chattin. The upper bound of a 2-sided 99% confidence interval on the population mean concrete strength is ______ psi. Enter your answer to two decimal places.

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Find the length of side b. 

Find the length of side b. 

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The nurse is teaching a nursing student about proper body me…

The nurse is teaching a nursing student about proper body mechanics when moving a patient in bed. Which statement by the nursing student indicates that further teaching is needed?

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The registered nurse (RN) disagrees with the client’s decisi…

The registered nurse (RN) disagrees with the client’s decision to withdraw treatment which may provide a longer quality of life, but recognizes that the client is competent and supports the client’s decision. Which ethical principle is being upheld?

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