Sets found in the same folder
Other sets by this creator
. The Baseball 2016 data that report information on the 30 Major League Baseball teams for the 2016 season. Create a frequency distribution for the Team Salary variable.Draw a cumulative relative frequency distribution of team salary. Using this distribution, forty percent of the teams have a salary of less than what amount? About how many teams have a total salary of more than $220 million?
Lily, Inc., sells electronics and appliances. The excerpts that follow are adapted from Lily’s financial statements for 2012 and 2011.
How much was Lily’s cost of plant assets at February 28, 2012? How much was the book value of plant assets? Show computations. The financial statements give three evidences that Lily purchased plant assets and goodwill during fiscal year 2012. What are they? Prepare T-accounts for Property, Plant, and Equipment; Accumulated Depreciation; and Goodwill. Then show all the activity in these accounts during 2012. Label each increase or decrease and give its dollar amount. During 2012, Lily sold plant assets that had cost the company $77 million (accumulated depreciation on these assets was$66 million). Assume goodwill was not impaired during 2012. Lily reviews its assets for impairment annually. On February 28, 2012, the fair value of the goodwill is estimated at $450 million. Prepare the journal entry to record the impairment.