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CMC ltd. invited applications of issuing 1,00,000 Equity Shares of 10$ each at a premium of 3$ per share. The whole amount was payable on application. The issue was over-subscriber bhy 30,000 shares and allotment was made on pro-rata basis. Pass its Journal Entry
joy purchased 200 shares of hilo mutual fund on july 15 2007 for 10500 and has been reinvesting dividends. on december
clark international produces designer watches. each watch requires materials worth 14.50 and three direct labor hours.
The following information is available for the first month of operations of Korv Inc., a manufacturer of art and craft items:
Mike owns a snowmobile manufacturing business,
Because of Wyatt's loyalty, Julie would like him to have shares in the corporation. What are the relevant tax issues?
Verify the overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products.
After operating for several months, architect Edmond Roberge completed the following transactions during the later part of the month. What are the journal entries for the following
Analyze the primary way in which Emerging Issues Task Force (EITF) influences Generally Accepted Accounting Principles (GAAP). Based on your analysis, recommend one (1) improvement that the EITF could take in order to more effectively influence..
osage inc. has actual sales for june and july and forecast sales for august september october and november as
As of June 30, 2010, Dallas Company has assets of $100,000 and owner's equity of $5,000. What are the liabilities for Dallas Company as of June 30, 2010?
A machine which has a 10 year life will cost $11,000 now with annual operating costs of $500 the first year and increasing $50 per year each of the next 9 years. If the salvage value is estimated to be $2,000 at the end of the 10th year,
Based on your reading of this chapter, plus your general knowledge of accounting standards, identify five examples of measurement flexibility in the statement of financial position.
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