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1. Fielder Company obtained land by issuing 2,000 shares of its $10 par value common stock. The land was recently appraised at $85,000. The common stock is actively traded at $40 per share. Prepare the journal entry to record the acquisition of the land.
During 2015, Maverick Law Firm had the following transactions with it clientsOn February 1, 2015, the company received cash of $5,800 from clients in payment of their account balances as of December 31, 2014. What is the amount of Law Services Revenu..
evaluate IBM's earnings per Share (basic), and identify the factors most responsible for the increase in IBM's earnings.
On February 28,2011, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow's net income for the year ended December 31,2011, was $2,100,000. The income tax rate is 40%.
Distinguish between three depreciation methods: Straight-Line Method; Production Method; and Declining-Balance Method. Discuss which depreciation method would best reflect the risk of obsolescence from rapid technological changes.
Residential customer gas usage is highly correlated with the weather. Commercial customer usage is partially weather dependent. Industrial customer usage is governed almost entirely by business factors.
Colgate-Palmolive Company has just paid an annual dividend of $0.96. Analysts are predicting an 11% per year growth rate in earnings over the next five years.
almeda products inc. uses a job-order costing system. the companys inventory balances on april 1 the start of its
rottino company purchased a new machine on october 1 2015 at a cost of 150000. the company estimated that the machine
Legal Stars pays its employees each week. Its employees' gross pay is subject to these taxes.
lund products inc. uses a predetermined overhead rate in its production assembly and testing departments. one rate is
Suppose your company's method of making decisions under risk is making the best out of the worst possible outcome. What rule would you be forced to follow?
able company provides you the following information regarding dividend activity for 2013. -- april 15 declares a cash
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