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Question: Troy Co. began operations on January 1, 2011, with $100000 from the issuance of stock and borrowed funds of $15000. Net income for 2011 was $5000 and Troy paid a $400 cash dividends on December 15. No additional activities affected owner's equity in 2011. At December 31, 2011 Troy's liabilities had increased to $18000. In troys's December 31, 2011, balance sheet , total assets shoud be reported at
$119600
$120000
$123400
$138400
What is target pricing?
a. Identify the tasks involved in project closedown. b. How would you evaluate Joe's performance? c. What types of maintenance problems can you expect from this information system?
On January 1, 2011 Phoenix Co. acquired 100 percent of the outstanding voting shares of Sedona Inc. for $600,000 cash. At January 1 2011, Sedona's net assets had a total carrying amount of $420,000.
you are working as an accountant for the government and you have newly elected board members who are businesspeople
Prepare separate entries to record the liquidation of the partnership assuming that the noncash assets are sold for $140,000 in cash
pastore inc. granted options for 1 million shares of its 1 par common stock at the beginning of the current year. the
your friend has decided that par value is a meaningless notion and complicates accounting practices without adding
u.s. pump is a multidivisional firm that manufactures and installs chemical piping and pump systems. the valve division
Prepare the journal entry for Brant Cargo to record the interest at December 31, 2011.
Prepare the journal entries to record the income tax expense, deferred income taxes, and the income taxes payable for 2012, 2013, and 2014. No deferred income taxes existed at the beginning of 2012.
Heartland Company's budgeted sales and budgeted cost of goods sold for the coming year are $144,000,000 and $99,000,000 respectively.
Whiley Company issued a $100,000, five-year, 10 percent note to Security Company on January 2, 2014. Interest was to be paid annually each December 31. The stated rate of interest reflected the market rate of interest on similar notes.
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