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Give journal entries to record the following transactions.
Issued on par 250, 8% preference shares of Rs.100 each.
Issued 500 ordinary shares of Rs.100 each at Rs. 120 all amountreceived in cash.
Purchased building costing Rs.165000 andissued 1000 8% preference shared of Rs.100 each for fullconsideration.
Issued 5000 ordinary shares of Rs.10 each to promoters asremuneration for their services.
The total amount of depreciation recorded against an asset or group of assets during the entire time the asset or assets have been owned:
Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the following stock transactions.
1. Identify four problems with the system and describe how you would remedy each of them
Write an analysis about test of liquidity that compare Radio Shack and Conn's to Best buy.
Roberto Corporation was organized on January 1, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, Roberto had the following transactions relating to shareholders' equity:
What are the advantages and disadvantages to FSC's decision to not use the BSC as a performance tool- i.e., linking it to the employee evaluation and reward system?
Analytical procedure are substantive procedures that may be used to provide evidence about specific accounts and classes of transactions.
Discuss the current events in recent industrial history to reduce the usefulness of direct labor as the primary basis for allocating overhead to products. What is your view of this practice?
Using the U.S. tax rate schedule, how much federal tax will he owe? What is his average tax rate? What is his effective tax rate? What is his current marginal tax rate?
Risk aversion implies which some securities will go unpurchased in market even if a large risk premium is paid to investors.
Determine the weighted-average unit contribution margin. Determine the break-even volume in units for each product. Determine the total number of units that must be sold to obtain a profit for the company of $234,000.
Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31. Include only the first four years. Make sure all columns and rows are properly labeled.
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