Sky corporation owns 75 percent of earth company's stock. on july 1, 20x8, sky sold a building to earth for $33,000. sky had purchased this building on january 1, 20x6, for $36,000. the building's original eight-year estimated total economic life remains unchanged. both companies use straight-line depreciation. the equipment's residual value is considered negligible.

15.

required information

based on the information provided, in the preparation of the 20x8 consolidated financial statements, building will be in the eliminating entries.

debited for $33,000

debited for $36,000

credited for $36,000

debited for $3,000

The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours. required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)