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Problem - On March 6, Limerick Corporation issued for cash 15,000 shares of no-par common stock at $30. On April 13, Limerick issued at par 1,000 shares of preferred 4% stock, $40 par for cash. On May 19, Limerick issued for cash 15,000 shares of 4%, $40 par preferred stock at $42. Journalize the entries to record the March 6, April 13, and May 19 transactions.
Pronghorn Corp purchased a piece of equipment for $65,200. Compute the revised depreciation. Company uses straight-line depreciation method.
Create an ER diagram, completely with attributes, keys and constraints, for the above description
Explain the role of the FASB in monitoring and controlling business reporting and accounting practices in the modern organization
CASE - RELATED PARTY TRANSACTIONS. Determine the related parties, related party transactions and the reporting company in the above case
mr. jones worked 46 hours during this payweek. he is paid time-and-a-half for hours over 40 and his pay rate is
Jim would also like you to prepare a draft statement of financial position and draft income state¬ment for discussion with the auditor.
Using the Ashford University Library as a resource, find two articles that discuss financial ratio analysis. Identify two advantages and two disadvantages.
Finley had 10,000,000 shares of common stock outstanding during 2012. Prepare a partial income statement for Finley beginning with income from continuing operations.
Which note has the higher effective interest rate? Support your answer with appropriate computations.
What information is provided in the statements that will assist you in making these business decisions? What information is not provided that could assist in managerial decision making?
The purchase price of the new machine is $150,000 and the old machine can be sold for $100,000. What is present value of benefits of acquiring new machine
Clyde operates a sole proprietorship using the cash method. What is the maximum amount Clyde can deduct this year
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