Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question 1 - Kat Keiser is the president and principal stockholder of Kat's Kupcakery, Inc. The business is applying for a $100,000 bank loan for expansion. Keiser believes she is more likely to get approved for the loan if the business's balance sheet looks good. She is considering the following options for improving the owner's equity of the business in order to obtain the loan:1. Issue $50,000 of common stock in exchange for cash to a friend who is interested in investing in the company. This would increase assets (cash) by $50,000 and increase owner's equity by $50,000.
Question 2 - Transfer $50,000 of Keiser's personal land to the business and issue common stock to herself. After the loan is obtained, Keiser will transfer the land back to herself and zero out the common stock. This would temporarily increase assets (land) by $50,000 and increase owner's equity by $50,000.
Discuss the ethical issue in this case. Analyze the alternatives from an ethical and a business point of view. Who are the stakeholders? What are the consequences? What would you do?
Calculate the amount of accumulated depreciation on the machine shown in the December 31, 2004balance sheet assuming the company uses the double-declining balance depreciation method. Donot use decimals in your answer.
Discuss why you have a negative evaluation of the theory area. In addition, state what you believe the theory effectively accomplishes.
Identify the four basic financial statements. Describe the purpose of each of the four financial statements. Discuss how the financial statements would be useful to internal users, such as to managers and employees. Discuss how the financial statemen..
Maris Corporation put into service $100,000 of equipment that qualifies for its state's 10 percent research credit. To the extent that the credit is claimed.
on aug. 12 2011 the ohio corp. sold 3000 units of merchandise inventory for 64200. using its appropriate inventory
bogart company is considering two alternatives. alternative a will have revenues of 160000 and costs 100000.
A chair manufacturer has two divisions: framing and upholstering. The framing costs are $100 per chair and the upholstering costs are $200 per chair. What is the minimum transfer price for this company?
Refer to the information above. If the Notes Payable is $10,000, the December 31, 2014 cash balance is:$60,000.$20,000.$160,000.$30,000.
Name and provide a brief explanation of the six articles of the AICPA Code of Professional Conduct.
In an IT accounting system, which IT controls assure the security of the general ledger?
frisch fish corp expects net income next year to be 599000. inventory and accounts receivable will have to be increased
on july 1 2013 apache company sold a parcel of undeveloped land to a construction company for 4300000. the book value
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd