Not Really an essay. Filtration is a relatively non-selective process. Make a list of the specific substances that pass through the filtration membrane. Make another list of the substances that do not. Are there any advantages for using a non-selective process in producing filtrate? Are there any disadvantages?

As the owner of a company that sells inventory and non-inventory items, discuss with your peers how you would establish what you designate as inventory vs non-inventory. Draw from your understanding of accounting and not just the discussion as it relates to QuickBooks.

This was given as a discussion question. No further information. I believe it has to be a biological and non-biological molecule.

Give one biological example of where shape determines function AND one non biological example. Be sure to explain how the shape helps the function.

At December 31, 2017, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows:

Depreciation methods and useful lives:
Buildings—150% declining balance; 25 years.
Machinery and equipment—Straight line; 10 years.
Automobiles and trucks—150% declining balance; 5 years, all acquired after 2014.
Leasehold improvements—Straight line.
Land improvements—Straight line.

Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2018 and other information:

On January 6, 2018, a plant facility consisting of land and building was acquired from King Corp. in exchange for 34,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $50 a share. Current assessed values of land and building for property tax purposes are $210,000 and $630,000, respectively.

On March 25, 2018, new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $246,000. These expenditures had an estimated useful life of 12 years.

The leasehold improvements were completed on December 31, 2014, and had an estimated useful life of eight years. The related lease, which would terminate on December 31, 2020, was renewable for an additional four-year term. On April 30, 2018, Cord exercised the renewal option.

On July 1, 2018, machinery and equipment were purchased at a total invoice cost of $334,000. Additional costs of $10,000 for delivery and $59,000 for installation were incurred.

On August 30, 2018, Cord purchased a new automobile for $13,400.

On September 30, 2018, a truck with a cost of $24,900 and a book value of $10,800 on date of sale was sold for $12,400. Depreciation for the nine months ended September 30, 2018, was $2,430.

On December 20, 2018, a machine with a cost of $21,500 and a book value of $3,200 at date of disposition was scrapped without cash recovery.

Required:

1. Prepare a schedule analyzing the changes in each of the plant asset accounts during 2018. Do not analyze changes in accumulated depreciation and amortization.
2. For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2018

Prepare a schedule analyzing the changes in each of the plant asset accounts during 2018. Do not analyze changes in accumulated depreciation and amortization.

For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December 31, 2018. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.)

You decide to open up your very own moving company. After three months of business, you
realize your current accounting system (throwing all your invoices and moving schedules into a
drawer) is no longer working. Additionally, you would like to take out a loan from the bank to
purchase more moving trucks and grow your fleet. In order to do that, you need accurate
financial statements of your company to present to your loan officer.

Record all transactions for your new moving company
1. Record your initial investment of $100,000
2. Record the energy bills (January, February, and March)
3. Record all moving jobs that are listed on your calendar (January, February, and March).
You will record the sale, the contractor expense, and supplies expense for each job.
4. Record the two separate truck purchases and calculate depreciation for January,
February, and March
5. Record the leasing agreement

Any trucks purchased will be depreciated over 12 years with no residual value. Depreciation

is calculated at the end of each month.
• You have a 5 year loan on all the vehicles you purchase and the payment is due the 1st of
every month.
• You pay your movers (you consider them contractors) at $20 per man hour for each moving
job. They are paid at the end of each week. You do not owe payroll taxes on their wages.
• You expense the cost of supplies (boxes, tape, paper) for each job. The supply cost is listed
for each job on the moving calendar.
• You pay your bills on the due date, not when received.
• You take full payment from the customers on the day of the move.

ALL VALUES

Initial Investment 100,000.00 Issued January 2,2018

Dewey Cheatem, & Howe Energy Company

Date 1/31/2018 Due 2/15/2018

Amount Due $665.72

Date 2/28/2018 Due 3/15/2018

Amount Due $845.79

Date 3/31/2018 Due 4/15/2018

Amount Due $795.63

1/4/2018

Sam Smith - charge

$1,500, man hours

12, supplies $200

1/6/2018

Camila Cabello -

charge $300, man

hours 2, supplies $50

1/9/2018

Nicki Minaj - charge

$2,200, man hours

15, supplies $500

1/12/2018

G-Eazy - charge

$400, man hours 2.5,

supplies $50

1/28/2018

Imagine Dragons -

charge $350, man

hours 1.5, supplies $50

2/1/2018

Led Zeppelin -

charge $1,500, man

hours 12, supplies $300

2/4/2018

Pink Floyd - charge

$650, man hours 5,

supplies $50

2/16/2018

Aerosmith - charge

$5,000, man hours

23, supplies $1,000

2/20/2018

The Who - charge

$500, man hours 3,

supplies $50

3/10/2018

Nirvana - charge

$2,000, man hours

18, supplies $300

3/14/2018

Sonic Youth - charge

$300, man hours 1.5,

supplies $50

3/29/2018

Mumford & Sons -

charge $1,500, man

hours 12, supplies $300

1/12/2018

MOVING TRUCKS OF TEXAS, INC.

Description Cost

2015 Isuzu NPR HD Box Truck $ 34,990

2014 Isuzu NPR HD Box Truck $ 35,995

2018 RAM Promaster 3500 Box truck $ 32,495

Total Due $ 103,480

3/23/2018

MOVING TRUCKS OF TEXAS, INC.

2012 Isuzu NPR $ 22,375

2012 Isuzu NPR HD $ 25,950

Total Due $ 48,325

From: Pioneer Leasing

Regarding: Lease Term

Dear You,

This letter is to confirm the new lease terms that have been agreed

upon. You are leasing the office space on 56 North Eldorado Way in

Dallas, Texas 78545 from Pioneer Leasing for a lease term of 5 years

beginning January 1, 20XX. On this date, you will begin paying

monthly rent of $1,000, and this amount will be due on the first of

each month. In addition to the monthly rent, you will pay us a deposit

of $5,000 which will be returned to you once this lease has expired

unless there are any damages to the lease space. We appreciate your

business.

Newberry, Inc., whose reporting currency is the U.S. dollar ($), has a subsidiary in Argentina, whose functional currency also is the $. The subsidiary acquires inventory on credit on November 1, 2017, for 180,000 pesos that is sold on January 17, 2018, for 214,000 pesos. The subsidiary pays for the inventory on January 31, 2018. Currency exchange rates are as follows:

1. What amount does Newberry’s consolidated balance sheet report for this inventory at December 31, 2017?

• $120,600.
• $115,200.
• $117,000.
• $118,800.

2. What amount does Newberry’s consolidated income statement report for cost of goods sold for the year ending December 31, 2018?

• $115,200.
• $118,800.
• $120,600.
• $117,000.

ANSWERS ARE IN BOLD. PLEASE EXPLAIN THE SOLUTION.

The Squash Company's shareholders' equity on January 1, 2018 was $3,125,500. During 2018, Squash Company reported the following:

• Net income of $575,325.
• Declared cash dividends totaling $125,000; the dividends had not been paid as of December 31, 2018.
• Issued 10,000 shares of $5 par value common stock at $9 per share.
• Purchased 5,000 shares of its common stock for $9.75 per share; the shares are being held as treasury shares.
• Sold 1,500 shares of treasury stock for $9.25 per share.
• Issued 2,000 shares of $5 par value common stock resulting from the declaration of a stock dividend during 2018; the market value of the common stock on the date of declaration was $10.25 per share.

What was shareholders' equity as of December 31, 2018? (Show your computations in order to get partial credit in case your answer is incorrect)

The Prince-Robbins partnership has the following capital account balances on January 1, 2018:

Prince is allocated 80 percent of all profits and losses with the remaining 20 percent assigned to Robbins after interest of 8 percent is given to each partner based on beginning capital balances.

On January 2, 2018, Jeffrey invests $91,000 cash for a 20 percent interest in the partnership. This transaction is recorded by the goodwill method. After this transaction, 8 percent interest is still to go to each partner. Profits and losses will then be split as follows: Prince (50 percent), Robbins (30 percent), and Jeffrey (20 percent). In 2018, the partnership reports a net income of $33,000.

1. Prepare the journal entry to record Jeffrey’s entrance into the partnership on January 2, 2018.

2. Determine the allocation of income at the end of 2018.

The Prince-Robbins partnership has the following capital account balances on January 1, 2018: Prince, Capital $ 90,000 Robbins, Capital 80,000 Prince is allocated 60 percent of all profits and losses with the remaining 40 percent assigned to Robbins after interest of 9 percent is given to each partner based on beginning capital balances. On January 2, 2018, Jeffrey invests $49,000 cash for a 20 percent interest in the partnership. This transaction is recorded by the goodwill method. After this transaction, 9 percent interest is still to go to each partner. Profits and losses will then be split as follows: Prince (50 percent), Robbins (30 percent), and Jeffrey (20 percent). In 2018, the partnership reports a net income of $19,000. Prepare the journal entry to record Jeffrey’s entrance into the partnership on January 2, 2018. Determine the allocation of income at the end of 2018.

On January 1, 2018, Splash City issues $390,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

Assuming the market interest rate on the issue date is 8%, the bonds will issue at $363,500.

2. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)