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Questions -
Q1. The Sorrento Skies Corporation issues 16,000 shares of $100 par value preferred stock for cash at $120 per share. Journalize this transaction.
Q2. G. Jones Corporation was organized on January 1, 2014, with authorized capital of 1,000,000 shares of $10 par value common stock. During 2014, Jones issued 40,000 shares at $12 per share, purchased 4,000 shares of treasury stock at $13 per share, and sold 4,000 shares of treasury stock at $14 per share. Calculate the amount of additional paid-in capital at December 31, 2014.
Calculate what the balances will be in the Unearned Magazine Revenue and Magazine Revenue accounts?
day street delis owner is disturbed by the poor profit performance of his ice cream counter.nbsp he has prepared the
The annual operating income of the company is $125,000. The target rate of return for the company is 15%. Calculate the residual income
Prepare the journal entry to record amortization expense for 2011 related to the copyrights. Prepare the journal entry (if any) to record impairment of asset
As of the end of the Cancer Institute's fiscal year (December 31), no title to the building was received by the institute. How the institute record transaction
Calistoga Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $484,000 and $1,550 respectively, at December 31, 2015.
common stock without par value 2000000 shares authorized 400000 shares issued and 360000 shares outstanding 2600000 if
Annapolis Company completes job #601 which has a standard of 640 labor hours at a standard rate of $18.90 per hour. What is the labor rate variance
aaron and kim form a partnership by combining the assets of their separate businesses. aaron contributes accounts
Calculate the Return on Equity (ROE) using the DuPont system. Calculate the Constant Growth Stock Valuation (CGSV) and compare it to the current stock price.
Discuss an item that was included when calculating net income but is adjusted as an increase or decrease to determine cash provided by (used in/by)
Calculate the amount of depreciation expense for each for the month ended February 28, 2014 assuming the company uses the double-declining-balance method
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