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Balboa Island Corporation began operations on April 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per share. On April 19, it issued 2,000 shares of common stock to attorneys in settlement of their bill of $27,500 for organization costs. Journalize both issuances, assuming the stock is not publicly traded.
a company currently completed 45000 units of a product that was expected to consume four pounds of direct material for
wiiand corporation has 50000 shares of 10 par value common stock outstanding. it declares a 10 stock dividend on
There were 4400 units in the ending work in process inventory of the assembly dept. that were 30% complete with respect to conversion costs. Illustrate what were the equivalent units for conversion costs in the assembly dept. for the month?
What was the amount of foreign exchange gains or losses for the year on cash flow hedges? Describe how these gains or losses are reported.
Prepare an analysis showing whether the old machine should be retained or replaced.(If an amount reduces the net income
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. If needed, use the minus sign to indicate cash outflows, negative amounts or a decrease in cash.
Journal entries for issuance and the first 2 interest periods. Golf Company bought back the bonds and retired them after the second interest period when the market annual interest rate
determining a companys annual financing cost of this commercial paper financingwalters manufacturing company has been
Is this ever discussed by management in the financials? Explain how might management minimize the impairment loss if one is reported? Consider the two steps of the process for determining impairment.
How is this information useful from a managerial perspective and explain your reasoning and support your conclusions with the numbers you have pulled out for the comparison
If fixed costs are $561,000 and the unit contribution margin is $8.00, illustrate what is the break-even point in units if variable costs are decreased by $.50 a unit?
Evaluate whether or not a company moving away from a defined benefit plan is a good decision. Describe how an employer can use participation in a defined contribution plan as a competitive advantage.
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