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Question 1 (Stock Issuance - Lump Sum Sale)
The Tennessee Titans issue 500 shares of $10 par value common stock and 150 shares of $100 par value preferred stock for a lump sum of $100,000.
(a) Prepare the journal entry for the issuance when the market price of the common shares is $168 each and market price of the preferred is $210 each. (Round to the nearest dollar).
Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $170 per share.
The variable costs are $33 per 6 hours rental, and its fixed costs are $80,000 each month. What is the contribution margin ratio
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younger bus lines uses the units-of-activity method in depreciating its buses. one bus was purchased on january 1 2010
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Complete the following:Shares issued ____. Shares outstanding ____. 2. The balance in Additional Paid-in Capital would be $ ____. 3. Earnings per share is $ ____. Round your answer to two decimal places. 4. Total dividends paid on common stock during..
werth company produces tie racks. the estimated fixed costs for the year are 288000 and the estimated variable costs
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Net income is $29,000. Beginning capital balance was $34,000. Ending capital balance was $55,000. No capital contributions were made by the owner during the year. What amount of drawings was made?
Dollar sales volume to produce income of $864,000 before taxes, Number of units that must be sold to break-even
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