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1. Ellis Transport Company acquired 1.2 million shares of stock in L&K Corporation at $44 per share. They are classified by Ellis as "available for sale." Ellis sold 200,000 shares at $46, received a 10% stock dividend, and then later in the year sold another 100,000 shares at $43.
Required:
Prepare journal entries to record these transactions.
the veggie-buffet restaurant is a downtown expensive buffet-only restaurant that specializes in trendy vegetarian
Identify three specific actions an organization can take to overcome consumers lack of trust.
It paid fiduciary fees of $8,000. The estate is subject to a 35% marginal estate tax rate and a 40% marginal income tax rate. How should the executor assign the deductions for the payment of the fees?
On July 1, 2010, an interest payment date, $60,000 of Parks Co. bonds were converted into 1,200 shares of Parks Co. common stock, each having a par value of $45 and a market value of $54. There is $2,400 unamortized discount on the bonds. Using th..
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the balance sheet caption for common stock is common stock 10 par value 7000000 shares authorized 5700000 shares issued
At the end of Year 1, Cortex Company failed to accrue interest revenue of $3,200 that it had earned, but not received on an outstanding note receivable. Instead, it recorded the interest revenue in Year 2.
decision making across the organization byp2-4 lisa ortega is president of ortega riding academy inc. the academys
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