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Burke Corporation was organized on January 1, 2014. It is authorized to issue 10,100 shares of 8%, $104 par value preferred stock, and 485,200 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 95,800 shares of common stock for cash at $5 per share. Mar. 1 Issued 6,000 shares of preferred stock for cash at $109 per share. Apr. 1 Issued 18,900 shares of common stock for land. The asking price of the land was $101,000. The fair value of the land was $88,600. May 1 Issued 76,700 shares of common stock for cash at $6.53 per share. Aug. 1 Issued 10,500 shares of common stock to attorneys in payment of their bill of $41,900 for services provided in helping the company organize. Sept. 1 Issued 10,400 shares of common stock for cash at $7 per share. Nov. 1 Issued 1,090 shares of preferred stock for cash at $111 per share.
Evaluate the effect of the increased prominence of other comprehensive income on financial statement users and companies.
ferraro inc. established a stock appreciation rights sar program on january 1 2012 which entitles executives to receive
Discuss the accounting treatment of the depletion and depreciation on the mine and mining equipment.
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Determine the predetermined overhead rate for the year 2011. Set up a T-account for Factory Overhead and enter the overhead costs incurred and the amounts applied to jobs during the year using the predetermined overhead rate.
in 2011 nitai contributes 8 percent of his 117000 annual salary to a roth 401k account sponsored by his employer ay
Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $10.2 million, current ratio = 1.70 times, inventory turnover ratio = 12.2 times, average collection period = 22 days, and sales = $102 million.
the following is the statement of financial position of tt ltd. at the end of the first year of tradingstatement of
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