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Eagle Corp. sold equipment with a book value of $80,000 for a $5,000 loss, sold Eagle Corp. common stock for $60,000, received repayment on a notes receivable for $200,000 (this amount included $20,000 of interest), paid dividends of $40,000, purchased treasury stock for $35,000, purchased a piece of equipment for $100,000 by paying $25,000 in cash and signing a notes payable for the balance, and received dividends in the amount of $20,000.  The net cash inflow from investing activities was:   Answer:  $_______

Eagle Corp. purchased a machine on February 1, 2022, for $200,000.  On December 31, 2023, when the book value of the machine is $190,000, Eagle Corp. checks to see if the machine is impaired.  Due to recent technological advances Eagle Corp. expects the machine to generate future cash flows of $140,000.  If Eagle Corp. estimates the current fair market value of the machine is $120,000 on December 31, 2023, what amount of impairment loss (if any) should be recorded?

Equipment acquired on January 1, 2021, is sold on June 30, 2024, for $14,500. The equipment cost $28,600, had an estimated residual value of $8,000, and an estimated useful life of 5 years. The company operates on a calendar year and the equipment has been depreciated using the straight-line method.  What amount of gain or loss should the company record on their financial statements for the year ended 2024?

On January 1, 2024, Eagle Corp. invests $225,000 in a 6 year certificate of deposit (“CD”) that pays 12% interest compounded quarterly.  How much will Eagle Corp.’s investment be worth at the end of the CD term (6 years).  (Use the appropriate future value factor table to answer the question and round to the nearest dollar).

A company has four types of products in its inventory. The company applies the rule of lower of cost and net realizable value to its inventory at the end of each year as shown below: Product Quantity Cost Net Realizable Value A 15 $ 7   $ 8   B 10   15     14   C 20   8     6   D 15   11     10   The year-end adjustment based upon the information above would include a:

Frederick Douglass 

On January 1, 2024 Eagle Corp. issued $4,000,000, 10 year, 12% bonds.  The bonds pay interest semi-annually.  At the time of issuance the market rate of interest is 8%.  Calculate the issue price of the bond.  (Use the appropriate factor tables and round to the nearest dollar).   Answer:  $_______

On January 1, 2024 Eagle Corp. purchased a patent for a drug from Bobcat Inc. for $600,000.  Bobcat Inc. had already used the patent for 8 years at the time Eagle Corp. purchased it.  Assuming Eagle Corp. plans to use the patent for the full legal life, calculate the amount of amortization expense that Eagle Corp. would record each year of the patent’s life.

Hawthorne tried to disassociate himself from his family because of 

In the selection from The Prairie, Nathaniel