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Trans Union Corporation issued 5,000 shares for $ 50 per share in the current year, and it issued 10,000 shares for $ 37 per share in the following year. The year after that, the company reacquired 20,000 shares of its own stock for $ 45 per share. Determine the impact (increase, decrease, or no change) of each of these transactions on the following classifications:
1. Total assets.
2. Total liabilities.
3. Total stockholders equity.
4. Net income
managerial accounting emphasizes short-term profit analysis so the income statement is very important. consequently
a utility bill was received on october 31 2011 for services received during october 2011. the bill was paid in november
the following transactions transpire during the liquidation of the marks norris smith and savannah partnershipbull
the wellesley corporation makes printed cloth in two departments weaving and printing. currently all product first
Decide if either of these actions is warranted in your particular case and state why you think that way.
finch inc. a calendar year general contractor and cardinal inc. a development corporation with a july 31 year-end
Journalize both issuances
What are reversing entries? Why would an accountant need to make a reversing entry? What are the pros and cons of using reversing entries?
A company has net income of $180,000, a profit margin of 7.5 percent, and an accounts receivable balance of $119,370. Assuming 80 percent of sales are on credit, what is the company’s days’ sales in receivables?
Kaiser's Kraft Korner sells a single product. 7,000 units were sold resulting in £70,000 of sales revenue, £28,000 of variable costs, and £12,000 of fixed costs. The number of units that must be sold to achieve £60,000 of operating income is (Calcu..
tom and sandy were divorced on july 7 2011. under the divorce degree sandy received full custody of their three
last year 2013 richter condos installed a mechanized elevator for its tenants. the owner of the company ron richter
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