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1. In January 2005, Alan Jackson Inc. doubled the amount of its outstanding stock by selling on the market an additional 10,000 shares to finance an expansion of the business. You propose that this information be shown by a footnote on the balance sheet as of December 31, 2004. The president objects, claiming that this sale took place after December 31, 2004, and, therefore, should not be shown. Explain your position.
a professional service firm uses a normal pricing markup on jobs that is 400 of direct professional labor and an
during 2004 xyz company recorded salaries expense of 85000. thesalaries payable account at january 1st had a balance of
When the bonds were issued, was the market rate of interest more or less than the stated rate of interest? If the bonds had sold at face value, what amount of cash would Cook Co. have received?
KR Sales had $1,200,000 in sales last month. The variable cost ratio was 60% and operating profits were $80,000. What is KR's margin of safety in sales dollars?
1.Fizer Pharmaceutical paid $68 million on January 2, 2013, for 4 million shares of Carne Cosmetics common stock.
Prepare a schedule of cost of goods sold.
an analysis of past maintenance costs indicates that maintenance cost is an average of 0.20 per machine-hour at an
Complete the following aged listing of customer accounts at June 30. Estimate the Allowance for Doubtful Accounts required at June 30 assuming the following uncollectible rates: one month, 1 percent; two months, 5 percent; three months, 20 percent; m..
for each of the following control procedures over cash disbursements provide an example of how the auditor could test
lankston company began the year by issuing 60000 of common stock for cash. the company recorded revenues of 550000
What factors are likely to drive an organization's outlays for new capital(such as plant, property and equipment) and for working captial( such as receivables and inventory)? what ratios would you use to help generate forecasts of these outlays?
a company must decide between scrapping or reworking units that do not pass inspection. the co. has 15000 defective
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