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Question - Pisces Corporation was incorporated last August 1, 2020. It was authorized to issue 50,000 ordinary shares with a par value of 40 per share. As of December 31, 2020, 45% of the authorized shares were issued at 50 per share. Another 30% of the authorized shares were subscribed at par, to which the entire amount remains unpaid at year-end. The balance of the authorized shares remains unissued and unsubscribed. How many shares were unissued and unsubscribed as of December 31, 2020?
Assume that Thomas sold all of its production of Q and R during the current accounting period. Compute Thomas 's incremental net profit
Explain disadvantages of having discretion over financial reporting. When is discretion in financial reporting likely to lead to biased financial statements?
Determine the two limits to market value (i.e., the ceiling and the floor) that should be used in the lower-of-cost-or-market computation for skis
H55 Company sells two products, beer and wine. Beer has a 10 percent profit margin and wine has a 12 percent profit margin. Beer has a 27 percent contribution margin and wine has a 25 percent contribution margin.
Spencer Industries annually buys 900,000 units of Part XY. The EOQ is 2,000 units. Spencer Industry's average usage equals 3,000 units/day.
On December 30, a company advances $10,000 to its wholly-owned subsidiary. Which of the following adjusting entries must be made?
the modified accelerated cost recovery system macrs specifies which of the following depreciation methods for land?a.
In 2021, Cullumber should record interest expense of? On January 1, 2021, Cullumber Corporation signed a 5-year noncancelable lease for equipment
According to you what situational influences and modernity's features did influence with the decision making process in wells Fargo Banking Scandal?
Costs incurred: raw materials purchases $55,890, direct labor $48,190, Prepare the cost of goods manufactured schedule for the month ended June 30, 2017
Case Study Assignment- Purpose: This assessment will allow students to demonstrate their understanding of auditing standards, procedures and techniques.
Analyze and record the January transactions for San Mateo Health Care Inc., using the integrated financial statement framework
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