Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Fogelberg Corporation is a regional company which is an SEC registrant. The corporation's securities are thinly traded through the NASDAQ (National Association of Securities Dealers Quotes). Fogelberg Corp. has issued 10,000 units. Each unit consists of a $500 par, 12% subordinated debenture and 10 shares of $5 par common stock. The investment banker has retained 400 units as the underwriting fee. The other 9,600 units were sold to outside investors for cash at $850 per unit. Prior to this sale the 2-week ask price of common stock was $40 per share. Twelve percent is a reasonable market yield for the debentures, and therefore the par value of the bonds is equal to the fair value.
Prepare the journal entry to record Fogelberg's transaction, under the following conditions. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2. Round all answers to 0 decimal places, e.g. 25,250.)
Employing the incremental method.Employing the proportional method, assuming the recent price quote on the common stock reflects fair value.
asked on march 24 2013 answers 4crew soccer shoes company is considering a change of their current inventory control
Which of the following is an appropriate reconciling item to the balance per bank in a bank reconciliation?
sandler company has 6000 units in beginning finished goods. the sales budget shows expected sales to be 24000 units. if
Prepare an adjusted trial balance , prepare closing entries and post.
sale of accounts receivable the company sells undivided interests in designated pools of qualified accounts receivable
below are transactions related to impala company.a the city of pebble beach gives the company 5 acres of land as a
What is the LIFO reserve, and why would an analyst be careful in interpreting the earnings of a company that has liquidated some of its LIFO reserve?
on june 1 of the current year bret eisen established a business to manage rental property. he completed the following
Prepare the journal entry to record their issuance.
kansas company uses a standard cost accounting system. in 2014 the company produced 28200 units. each unit took several
a company purchased factory equipment for 100000. it is estimated that the equipment will have a 10000 salvage value at
b comp. uses a job costing system. the following cost data are available from the books for the year ended 31st
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd