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Question - Sam Corporation issues 500 ordinary shares and 100 preference shares, both with par value of 100, for a lump sum price of 85,000.
1. Assume that each ordinary share sells for 150 and each preference share sells for 120. How much shall be credited to Share Premium Ordinary?
2. Assume that each ordinary share sells for 140 and that there is no available market price for the preference share. How much shall be credited to Share Premium-Preference?
Chair Leader Co. purchased a patent on January 1, 20x3 for 120,000. What amount of amortization expense would Chair record
Journalize the straight-line depreciation expense for the year 2013 (year 3). Calculate straight line depreciation expense for year 2014 (year 4).
Assuming that a prevailing interest rate of 8% applies to this contract, how much should Teal record as the cost of the machine?
On April 8, the customer contacted FC to say that the sweater colours did not match their original order. Make the journal entry to be made by FC on April
mitchell company has total current assets of 45000 which includes inventory of 10000 and current liabilities of 17300.
List the headings of the three major sections of a process cost summary. Refer to Exhibit.
What opportunities would make for wise investments (e.g., hospitals, home health, mental health, rehabilitation services, managed care, physician group practice management, etc.)?
What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2017
Country Store, Inc. provides credit to their favorite customers. On December 31, 2018, the controller of Country Store prepared the following.
for a recent 2-year period the balance sheet of metal pro company showed the following stockholders equity data at
Audit independence is important so that auditor's opinion, Explain the concept of independence and discuss the broad categories of threats to independence.
dinkel manufacturing corporation accumulates the following data relative to jobs started and finished during the month
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