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ACC 291 Week 2 WileyPlus

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ACC 291 Week 2 WileyPlus Question 1 Your answer is correct. Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $974.5; land $241.3; patents and trademarks (at cost) $509.1; machinery and equipment $2,062.6; buildings $972; goodwill (at cost) $161.8; accumulated amortization $45.0; and accumulated depreciation $2,227. Question 2 Your answer is correct. Match the statement with the term most directly associated with it Question 3 Your answer is correct. Wang Co. has delivery equipment that cost $50,380 and has been depreciated $23,950. Record entries for the disposal under the following assumptions Question 4 Your answer is correct. Here are selected 2014 transactions of Cleland Corporation Question 5 The financial statements of Tootsie Roll are presented below Question 6 Your answer is correct. The financial statements of The Hershey Company and Tootsie Roll are presented below Question 7 At December 31, 2014, Navaro Corporation reported the following plant assets Question 8 Presented below is an aging schedule for Bosworth Company

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