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Problem - Lou Hoskins and Shirley Crothers are organizing Red Lodge Metals Unlimited Inc. to undertake a high-risk gold-mining venture in Canada. Lou and Shirley tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public. Lou and Shirley have decided to establish par of $0.03 per share in order to appeal to a wide variety of potential investors. Lou and Shirley believe that investors would be more willing to invest in the company if they received a large quantity of shares for what might appear to be a "bargain" price. Discuss whether Lou and Shirley are behaving in a professional manner.
Assume, instead, that LuCo's December 31, 20X4 ending inventory is 300 units; What is LuCo's December 31, 20X6 ending inventory
on january 1 20x6 climber corporation acquired 90 percent of wisden corporation for 180000 cash. wisden reported net
Enacted tax rates are 40% in 2018, Find the total deferred tax liability to be reported on Pharoah's balance sheet at December 31, 2018
What advice would you offer Tex in order to help out the situation, How is he going to get the money to pay his creditors
Computer Storage and More Co. acquired a server system for cash. What will Computer Storage and More Co. capitalize in their Equipment account
AYB340 COMPANY ACCOUNTING QUESTIONS - What is a non-controlling interest and how should it be disclosed? Does the existence of the NCI affect the BCVR entries
Game Corp produces and sells joysticks for the gaming market. Compute the company's total yearly fixed costs
marin company is currently producing 16800 units per month which is 77 of its production capacity. variable
for each of the following cases indicate why management and the auditors determined that control deficiency was a
Compute the balance in retained earnings at the end of the year if Frances Corporation pays a dividend of $2 per share on its common stock this year.
Provide the journal entry for the vacation pay.Provide the journal entry for the pension benefit.Osterman Company provides its employees with vacation benefits
On October 29, 2014, Lobo Co. began operations by purchasing razors for resale. What is the balance of the Estimated Warranty Liability account as of December
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