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Ivanhoe Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash $ 1

Ivanhoe Company Comparative Balance Sheets December 31 Assets 2017 2016 Cash $ 156,536 $ 50,644 Accounts receivable 202,576 174,952 Inventory 384,434 435,078 Land 184,160 230,200 …

Ivanhoe Company Income Statement For the Year Ended November 30, 2017 Sales reve

Ivanhoe Company Income Statement For the Year Ended November 30, 2017 Sales revenue $7,484,100 Cost of goods sold Beginning inventory $1,866,600 4,364, 100 6,230,700 1,630,900 Pur…

Ivanhoe Company had these transactions during the current period June 12 Issued

Ivanhoe Company had these transactions during the current period June 12 Issued 86,500 shares of $1 par value common stock for cash of $324,375 July 11 Issued 3,100 shares of $103…

Ivanhoe Company had these transactions during the current period. June 12 Issued

Ivanhoe Company had these transactions during the current period. June 12 Issued 36,500 shares of $1 par value common stock for cash of $324,375 July 11 Issued 3,100 shares of $10…

Ivanhoe Company had these transactions during the current period. June 12 Issued

Ivanhoe Company had these transactions during the current period. June 12 Issued 86,500 shares of $1 par value common stock for cash of $324,375. July 11 Issued 3,100 shares of $1…

Ivanhoe Company has had 4 years of record earnings. Due to this success, the mar

Ivanhoe Company has had 4 years of record earnings. Due to this success, the market price of its 365,000 shares of $4 par value common stock has increased from $15 per share to $5…

Ivanhoe Company includes 1 coupon in each box of soap powder that it packs, and

Ivanhoe Company includes 1 coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2017, Ivanhoe Company purchased 8,8…

Ivanhoe Company purchased $3100000 of 8%, 5-year bonds from Ritter, Inc. on Janu

Ivanhoe Company purchased $3100000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2018, with interest payable on July 1 and January 1. The bonds sold for $3222740 at an effec…

Ivanhoe Company purchased a machine on January 1, 2016, for $990000. At the date

Ivanhoe Company purchased a machine on January 1, 2016, for $990000. At the date of acquisition, the machine had an estimated useful life of 6 years with no salvage. The machine i…

Ivanhoe Company receives $385,000 when it issues a $385,000, 8%, mortgage note p

Ivanhoe Company receives $385,000 when it issues a $385,000, 8%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms provide for annual…

Ivanhoe Company sells office equipment on July 31, 2017, for $22,330 cash. The o

Ivanhoe Company sells office equipment on July 31, 2017, for $22,330 cash. The office equipment originally cost $83,350 and as of January 1, 2017, had accumulated depreciation of …

Ivanhoe Company, organized in 2016, has set up a single account for all intangib

Ivanhoe Company, organized in 2016, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2017 1/…

Ivanhoe Construction Company has entered into a contract beginning January 1, 20

Ivanhoe Construction Company has entered into a contract beginning January 1, 2017, to build a parking complex. It has been estimated that the complex will cost $605,000 and will …

Ivanhoe Corp. agreed to lease property from Swifty Corp. effective January 1, 20

Ivanhoe Corp. agreed to lease property from Swifty Corp. effective January 1, 2017, for an annual payment of $24,963, beginning January 1, 2017. The property is made up of land wi…

Ivanhoe Corp. purchased land with two old buildings on it as a factory site for

Ivanhoe Corp. purchased land with two old buildings on it as a factory site for $454,000. The property tax assessment (that is, assessed value) on this property was $356,000: $249…

Ivanhoe Corp., a company whose stock is publicly traded, provides a noncontribut

Ivanhoe Corp., a company whose stock is publicly traded, provides a noncontributory defined-benefit pension plan for its employees. The company's actuary has provided the followin…

Ivanhoe Corporation is a machinery dealer whose shares trades on the TSX, and so

Ivanhoe Corporation is a machinery dealer whose shares trades on the TSX, and so uses IFRS 16. Ivanhoe leased a machine to Ernst Ltd. on January 1, 2017. The lease is for a six-ye…

Ivanhoe Furniture Company started construction of a combination office and wareh

Ivanhoe Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $5,018,300 on January 1, 2017. Ivanhoe expect…

Ivanhoe Industries purchased the following assets and constructed a building as

Ivanhoe Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a l…

Ivanhoe Ltd., a public company following IFRS 16, recorded a right-of-use asset

Ivanhoe Ltd., a public company following IFRS 16, recorded a right-of-use asset and lease liability at $159,600 on May 1, 2017. The interest rate is 12%. Ivanhoe made the first le…