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Journal entries for issued shares at par-value.
1.(3/2/2009) Paid $8,300 cash for office supplies.
Date
Account Titles
Debit
Credit
2.(3/3/2009) Issued 4,000 shares of $50 par-value Common Stock for land that is appraised in value for $286,000.
In the case of a taxpayer who uses the lower-of-cost-or-market inventory method and In comparing regular (C) corporations with individuals, which of the following, if any, relate only to (C) corporations
Determine the NPV of given investment
The investing section of the statement of cash flows report
Which of the subsequent methods of determining annual bad debt expense best achieves the matching concept?
Canliss Mining uses the replacement method to evaluate depreciation on its office equipment.
Compute the consolidation worksheet entries to recognize the effects of the intra-entity bonds
Evaluate the direct materials price and efficiency variances for the year and evaluate the direct labor price and efficiency variances for the year and determine the efficiency variances and variable overhead spending for the year
Cost the problems of materials using LIFO and FIFO methods
What is the incremental cost of accepting the special order?
Evaluate the amount of net short-term capital gain (NSTCG) or net short-term capital loss (NSTCL). Evaluate the amount of net long-term capital gain (NLTCG) or net long-term capital loss (NLTCL).
Describe how the Accounting Equation is impacted
Purpose a cost of quality and how do you think management could react to the relative size of the four categories of quality costs.
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