Storm corporation purchased a new machine on october 31, 2020. a $4,800 down payment was made and three monthly installments of $14,400 each are to be made beginning on november 30, 2020. the cash price would have been $46,400. storm paid no installation charges under the monthly payment plan but an $800 installation charge would have been incurred with a cash purchase. the amount to be capitalized as the cost of the machine on october 31, 2020 would be

Excel allows you to take a lot of data and organize it in one document. what are some of the features you can use to clarify, emphasize, and differentiate your data?

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?