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Problem 1: The company Comunicaciones Alert S.A. issued shares for a total value of $ 200,000 on June 14 of this year. Fruni, the accounting advisor, must record this transaction and is not sure how to do it, so he asks you to advise him on the matter:
1-Assets decrease by using cash to pay the shares but increases the account of shares payable.
2-Assets increase when cash is received for the payment of the shares and the account of shares issued within the Capital account increases.
3-Assets decrease when cash is used to pay for the shares and total stockholders' equity decreases by the amount paid for the shares.
4-They decrease the assets when using cash to pay the shares but increases the capital account in the hands of the shareholders.
Enacted tax rate for all years is 30%. What amount should be included in the deferred tax liability in Lab's December 31, 2020 balance sheet?
What would be the accrual-based net income of Birch in 2017 and 2018. On January 1, 2016, Hill Company acquired 80 percent of Smith Company
Prepare a monthly manufacturing overhead flexible budget for each increment of 3,000 direct labor hours over the relevant range for the year ending December 31, 2014.
what was the top marginal personal income tax rates in 1980? what is the top rate now? are you in favor of or opposed to the lower marginal rates? why
Pfd Company has debt with a yield to maturity of 7.4 % a cost of equity of 12.8 % and a cost of preferred stock of 9.7 %. The market values of its? debt
Cheers Bhd. with an authorised capital of 60,000,000 ordinary shares of RM1. Prepare the ledger entries to record the above transactions.
Prepare a partial environmental financial statement, divided into benefit and cost sections for 2005, 2007, and 2008. Evaluate and explain the outcomes. Does this result support or challenge ecoefficiency? Explain.
On January 1, 2016, $346,000 of debentures are converted into common stock, which is then selling at $114. An additional $346,000 of debentures are converted on March 31, 2016. The market price of the common stock is then $119. Accrued interest at Ma..
$5,000 per year for the next four years. The company's weighted average cost of capital is 10.1% per year. What is the project's equivalent annual annuity?
The market value of each bond is Rs.6000000, Rs.3400000, and Rs.1535000 respectively. Calculate the portfolio's duration
Determine whether deficiencies existed in the IT environment, and suggest ways to improve audit trails, data integrity, and policies and procedures in order to reduce the risk of fraudulent activity.
Given the following pairs of z-values, find the area under the normal curve between each pair of z-values. (Round the final answers to 4 decimal places.)
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