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Question - How to work Stock Issuance exercise
(a) Issued 5,000 shares of $5 par common stock for cash at $15 per share
(b) Issued 7,000 shares of common stock on May 1, to acquire a factory bldg from Barkley Co. Barkley had acquired the bldg in 2010 for $150,000. Horace estimates bldg with $175,000 on May 1, 2014
(c) Issued 2,000 shares of stock on Jun 1 to acquire a patent accountant was unable to estimate the value of the patent, determined Horace common stock was selling at $25 per share on Jun 1
1. Record entry for each transaction.
2. Determine the balance sheet amounts for common stock and additional paid in capital.
On January 10, 2010, Gonzalez Co. sold merchandise on account to Ernst for $6,000, terms n/30. Prepare the journal entry to record the sale
jamaal is planning to invest up to 17000 in city bank or state bank. he wants to invest at least 4000 in city bank but
What was the financial performance of Johnson & Johnson over the past 5 years (include gross revenue, net income, market capitalization, and earning per share)? Use table format.
Discuss the proper accounting treatment of $273,000 ($714,000 − $441,000) by which the cost of the first machine exceeded the cost of subsequent machines.
The partnership of Pen, Evan, and Torves has asked you to assist in winding up its business affairs. You compile the following information:
the following computations of march labor variances for sams supply company are incomplete. the missing items are
the rogers leasing company signed an agreement to lease an asset that has a fair value of 800000 on december 312010.
Deana Moran is the owner of First Delivery Service. Recently, Deana paid interest of $3,600 on a personal loan of $60,000 that she used to begin the business. Should First Delivery Service record the interest payment? Explain.
ignore income taxes in this problem. neldon corporation has invested in a machine that cost 75000 that has a useful
Assume you have the power to make reforms to the way tax research and planning is currently conducted. Propose the reforms you would make. Justify your response.
Pearl Company changed depreciation methods in 2017 from double-declining-balance to straight-line. Prepare 2017 journal entry related to Pearl depreciable asset
Prepare a statement of cash flows for Express Travel Service for the year ended June 30, 2010.
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