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Problem - Paris Corporation has 35,000 shares of $60 par common stock outstanding. On February 8, Paris Corporation declared a 3% stock dividend to be issued April 11 to stockholders of record on March 10. The market price of the stock was $86 per share on February 8.
Journalize the entries required on February 8, March 10, and April 11. For a compound transaction, if an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" and leave the amount boxes blank.
Jocelyn contributes land with a basis of $60,500 and fair market value of $90,750 and inventory with a basis of $22,600 and fair market value of $33,900 in exchange for 100% of Zion Corporation stock.
Prepare the acquisition analysis as of acquisition date. Compute theunamortized differential as of 1/1/2013. Prepare all elimination entries for 2013
On Feb. 28, the petty cash fund had cash of $30.92 and the following receipts on hand: postage, $80.00; supplies, $49.88; delivery service, $24.80; and rubber stamp, $14.40. Check no. 2748 was drawn to replenish the fund.
On December 31, 2016, Green Company finished consultation services and Determine the present value of the note
background information for questions 49-50mercedes and manuel recently formed a corporation named mnm inc. or mnm. on
pringle company distributes a single product. the companys sales and expenses for a recent month followtotal
houston company uses the perpetual inventory system has the following units and costsinventory january 1 8000 units
The following accounts are taken from the ledger of Boardin' Company at December 31, 2010.
taking as a starting point a past governmental action against an unjust practicediscuss the effectiveness of the
Indicate whether the following actions would (+) increase, (-) decrease, or (0) not affectIndigo Inc.'s total assets, liabilities, and stockholders'equity:
x company uses the high-low method to predict maintenance costs each month with maintenance hours as the activity
on january 1 2012 palmer company leased equipment to woods corporation. the following information pertains to this
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