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A corporation issued 450 shares of its $20 par value common stock in payment of a $9,610 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:
A $9,610 credit to Cash.
A $610 credit to Contributed Capital in Excess of Par Value, Common Stock.
A $9,610 credit to Common Stock.
A $9,610 credit to Legal Expenses.
A $4,500 debit to Organization Expenses.
If the first payment was made today and the remaining 19 payments occurred at the beginning of each of the next 19 year, what is the present value of her winnings?
How much cash was provided or used by operating activities? (The only noncash items in income are depreciation and the gain from the sale of the investment. The purchase and sale of investment are related.)
The only depreciable asset the company owns is a specialized machine that it bought for $1,000,000 and is depreciating over 5 years using the straight line method. Illustrate what is the firm's EBT?
question 1there are four sources of external financial reporting regulations in australia.requireda briefly discuss
Assuming Lujan Brothers Farm fulfills all the terms of the note, prepare the necessary journal entries for Jeppo Farm Equipment Company for the entire term of the note.
Merchandise is sold on account to a customer for $18,000, terms FOB shipping point, 3/10, n/30. The seller paid the transportation costs of $375. Determine the following.
Labor costs incurred to build the company's main product for resale.
Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life is 10,000 hours. Carson used the asset for 1,500 hours in the current year. The activity method will be used for deprecia..
Preparation of condensed income statement by valuation of inventories with LIFO and FIFO method and Prepare a condensed income statement for the year on both bases for comparative purposes.
How much is the company's predetermined overhead rate to the nearest cent - total manufacturing costs are greater than the cost of goods manufactured
Prepare a multiplc-step laconic statement and prepare a retained earnings statement - analysis of the accounts and discussions with company officials
Opened an account with Dewey, Cheatem and Howe to purchase goods for resale On September 1 purchased $ 300,000. of Breaking Bad Blue for resale Terms 1/2 due in Net 90 days and the balance due in 135 days which BBC paid within the terms journalize an..
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