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Delta Corporation's corporate charter authorizes the company to sell 450,000,000 shares of $1.50 par common stock. As of Dec 31, 2011, the company had issued 180,915,000 shares of common stock for an average price of $4 each. Delta has 57,000,000 shares of treasury stock. How many shares of common stock will be disclosed as authorized, issued, and outstanding on Dec 31, 2011, balance sheet?
On January 1, 2009, Roosevelt Company purchased 12% bonds, having a maturity value of $500,000, for $537,907.40. Prepare the journal entry at the date of the bond purchase.
the numo company which was acquired and renamed in 2003 by e. r. numo sells frigets to multinational firms. in 2012 a
Given the above information, determine Rupina's gross margin for the year. Note that since this was the company's first year of operations, beginning inventory was zero.
jan contributes property having a 15000 fair market value and an 8000 adjusted basis and also renders legal services
Prepare the cost of goods sold budget, you must calculate a unit cost for each month. You must also calculate cost of goods manufactured. Remember, there is no Work in Process inventory but you must calculate direct materials used.
the management of clare co. asks your help in determining the comparative effects of the fifo and lifo inventory cost
partner d of the equal def partnership has a basis in her partnership interest of 7000. the partnership distributes
you are the accountant for a division of a company that is constructing a building for its own use. it is january 2011
selected transactions for b. madar an interior decorating firm in its first month of business are as follows. jan. 2
determining financial statement effects of transactions involving notes payable many businesses borrow money during
lucie corporations purchasing manager obtained a special price on an aluminum alloy from a new supplier resulting in a
Beige Corporation (a calendar year taxpayer) has taxable income of $150,000, and its financial records reflect the following for the year.
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