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how to account the purchase and sale of fixed assets?
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Answer Posted / namita limje
By seeing opening value of fixed assets and depreciation on
the particular asset in every year.And certaining its
current value.
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Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
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