Chamlite

Essay specific features

 

Issue:

Business

 

Written by:

Deborah S

 

Date added:

March 1, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 806

 

Was viewed:

408 times

 

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Essay content:

24 -75,000 +75,000 : Purchase of Plastics and Chemicals Total 230,000 62,500 75,000 367,500 Question 2 Chemalite, Inc. Income Statement Jan. 2, 2003 through June 30, 2003 Revenue Fees earned $0 Expenses Operating expenses: Incorporation expenses -7500 Depreciation expense (patent) -12,500 Total operating expenses -20,000 Net income -20,000 The company did incur a loss as Mr...
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Larson suggested. However, the loss is not $145,000; the loss, which is due to incorporation expenses and the patent depreciation expense, is only $20,000. Mr. Larson did not recognize the building of the machinery and the purchase of the inventory as investments. Question 3 a. Chemalite, Inc. Balance Sheet Jan...
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