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Problem 1: On January 2, 2016, Alpha Corporation procured new equipment with an issue of 5,000 shares of $4.00 par value common stock. The equipment had an MSRP of $65,000. Alpha's stock was trading on the open market for $9.75 per share on January 2nd. Use this information to create the General Journal entry (without explanation) for the January 2 entry.
Calculate Company C's weighted average cost of preferred stock, given the following information: (a) Coupon Payments: $5.00
How is transfer pricing used to assess performance? Have you ever worked with transfer pricing before
trs is a large securities dealer. last year the company made 120000 trades with an average commission of 120. because
What is the present value of $4,350 to be received at the beginning of each of 28 periods, discounted at 5% compound interest? (Round factor values)
A $130 credit purchase of supplies was debited to Inventory $130 and credited to Cash $130. Prepare separate correcting entries for each error
comanic corp. has common stock of 5400000 retained earnings of 2000000 unrealized gains on trading securities of 100000
Required: Show how any deferred tax amounts should be classified and reported on the 2006 balance sheet. The tax rate is 40%
Nautilus Corp owned 60% of the goods on 12/31/X2. How much investment income should Nautilus recognize from its XYZ Investment in year X2
The note requires interest at 12% and principal to be paid after one year. How much interest expense is recognized on Dec 31, 2011
In your opinion should the deduction for student loan interest be capped or should taxpayers be able to deduct the entire amount? Why?
Provide examples of important audit objectives for complex financial instruments and transactions For each audit objective that you identify, list one or more audit procedures that could be used to accomplish that objective.
Assume that $500 of the receivables written off in (8) were subsequently collected. Record the journal entry to record the collection of the $500.
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