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Acker Inc. issues 5,000 shares of $100 par value preferred stock for cash at $130 per share. Journalize the issuance of the preferred stock.
Assuming no purchase or payment transactions other than those given above, prepare the adjusting entry required on May 31 if financial statements are to be prepared as of that date.
at the begining of the year manufacturing overhead for the year was estimated to be 702450. at the end of the year
Companies must report the actuarial assumptions used to make estimates concerning pension plans. Which estimate influences the earnings effect in requirement 1? Can any of the other estimates influence earnings? Explain.
Assume that the fair value of the bonds at December 31, 2014, was $1,430,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value.
ravonette corporation issued 300 shares of 10 par value common stock and 100 shares of 50 par value preferred stock for
hondo company has a machine with a book value of 50000 and a five year remaining life. a new machine is available at a
mellilo corporation issued 6000000 of 20-year 9.5 percent bonds on july 1 2011 at 98. interest is due on june 30 and
Stock Options, Prepare the necessary entries from 1/1/10-2/1/12 for the following events using the fair value method. If no entry is needed, write "No Entry Necessary."
assume that the boehm furniture companyu2019s chief financial officer gave you the following information net sales
the manager of belle home improvements purchased several cash registers for the business on june 10 but does not
ramona stolton and jerry bright are partners in a business they staarted two years ago. the partnership agreement
Prepare the adjusting entries to report each class of securities at fair value. Indicate the statement presentation of each class of securities and the related unrealized gain (loss) accounts.
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