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A corporation was organized on Jan 1, of the current year, with an authorization of 20,000 shares of $4 PREFERRED STOCK, $12 par, & 100,000 shares of $3 par COMMON STOCK & the following selected transactions were completed during the 1st year of operations.Jan 3- Issued 15,000 shares of common stock at $23 per share for cashJan 31- Issued 2000 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. The value of the stock was at the time of payment was $25 per share.Feb 24- Issued 20,000 shares of common stock in exchange for land, buildings, & equipment with fair market prices of $65,000, $120,000, & $45,000 respectivelyMar. 15- Issued 2,000 shares of preferred stock at $56
Prepare a list of your Top Four Managerial Accounting Concepts. Please explain the concepts. You should write at least three sentences about each concept. Do not just state that you liked the concept or found it interesting. You must EXPLAIN the c..
Which of the following is an example of managing earnings up?
Based on the facts presented above, could you waive the requirement for cost or pricing data, why or why not?
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.
discuss several reasons why a parent company would be willing to pay more than book value for subsidiary stock
raymondos restaurant wants to find an equation to estimate monthly utility costs. raymondos has only been in business
prepare year-end adjustments to the following situations. omit explanations.accrued interest on notes receivable is
In January 2007, Castro Corporation, a newly formed company, issued 10,000 shares of its $10 par common stock for $15 per share. On July 1, 2007, Castro Corporation reacquired 1,000 shares of its outstanding stock for $12 per share. The acquisitio..
Compute the percentage of allowance for doubtful accounts to the total accounts and notes receivable as of December31, 2006, for the MGM Mirage.
The actual sale was effected on December 15, 2011, at a price of $600,000. The book value of the division's assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale.
van hatten industries has three operating divisions-depp construction division dement publishing division and ankiel
radar inc. has developed a new and improved widget. the company plans to sell the product through an existing web site.
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