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In order to encourage employee ownership of the company's $1 par common shares, Washington Distribution permits any of its employees to buy shares directly from the company throught payroll deduction. There are no brokerage fees and shares can be purchased at a 15% discount. During March, employees purchased 50,000 shares at a time when the market price of the shares on the New York Stock Exchange was $12 per share. Prepare the appropriate journal entry to record the March purchases of shares under the employee share purchase plan.
Sales on credit 280,000, cash sales 100,000, sales discount 13,000, sales return and allowances 11,000. Prepare the sales revenues section of the income statement based on this information.
lusk company produces and sells 14700 units of product a each month. the selling price of product a is 29 per unit and
knedler corporation is preparing a bid for a special order that would require 720 liters of material c01d. the company
Discuss the difference between performing the capital budgeting analysis from the parent firm's perspective as opposed to the project perspective.
almond has received a special order for 13000 units of its product at a special price of 50. the product normally sells
Interest computed on the average accumulated expenditures for the warehouse construction was $50,000. What amount of interest should Liddy expense for the year?
Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for:
Precision Numbers, Inc., manufactures pocket calculators. Costs incurred in making 25,000 calculators in April included $85,000 of fixed manufacturing overhead. The total absorption cost per calculator was $12.50.
dutson company manufactures running shoes and tennis shoes. the projected income statments for the two products are as
kirkaid company recorded the following transactions for the just completed montha. 84000 in raw materials were
tvm consulting bought new building for its headquarters in the year 2000. the purchase cost was 723198 dollars and in
Balance Sheet Data
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