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Compute the anticipated break-even sales in units

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Reference no: EM132876624

Question - Journalize the entry to record the following transaction:

XYZ Company issued 400,000 shares of $9 par common stock at $13, receiving cash.

Compute the anticipated break-even sales in units for the Following: BBB Company anticipates a unit selling price of $150, a unit variable cost of $110, and fixed costs of $800,000.

Prepare the Cash Flows from (used for) Operating Activities section of the Statement of cash flows, using the Indirect Method:

-Decrease in Accounts Receivable $15,000

-Gain on disposal of equipment $10,000

-Depreciation Expense $24,000

-Net Income $165,000

Reference no: EM132876624

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