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Problem 1: On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. Use this information to prepare the General Journal entries (without explanation) for January 2 and March 1.
The company produces the same number of units every month, What is the unit product cost for the month under variable costing
Evaluate the decision to change the equipment's estimated useful life and estimated residual value to improve earnings
The variable cost per kite is $2.50 with the current annual sales volume of 70,000 kites. Determine dollar amount of Ocean City Kite Company fixed
Perk Corporation is subject to tax only in State A. State income taxes are not deductible for A tax purposes. Determine Perk's A taxable income
You also know that the market value of equity is three times the book value of equity, and the market value of debt is equal to the book value of debt. Estimate the correct value for the firm.
Compute the amount of depreciation expense for the year ended December 31, 2007, using the straight-line method of depreciation
Question - SANCHEZ COMPUTER CENTER. Using the information provided by each bank, determine the due date and interest amount for each
Prepare a statement of earnings for Planxty Ltd. for the year ended December 31, 2010 in proper format
1.The 2011 annual report of Microsoft Corporation reports zero coupon convertible notes that the company issued in June of 2010.
Ending inventory consisted of 7,900 units that were 70 percent complete with respect to materials. How many units were started and completed during the period
A doctor wants to know if a blood pressure medication is effective. Six subjects have their blood pressures recorded. After twelve weeks on the medication.
John donated appreciated capital stock that he has held over a year, with an adjusted basis of $20,000, How much of John's contribution is tax deductible
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