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Cashman Nursery, with an authorization of 25,000 shares of preferred stock and 300,000 shares of common stock, completed several transactions involving its stock on July 30, the first day of operations. The trial balance at the close of the day follows:
All shares within each class of stock were sold at the same price. The preferred stock was issued in exchange for the land and buildings.
Journalize the two entries to record the transactions summarized in the trialbalance.
Top Disc manufactures frisbees. The following information is available for 2013 , the company's first year in business when it produced 325,000 units. Revenue of $450,000 was generated by the sale of 180,000 frisbees.
for a recent year mcdonalds had the following sales andexpenses in
Some of the more common quality and improvement methodologies and standards include Lean, Six Sigma, total quality management (TQM), and ISO 9000.
1. on october 1 2009 marcus corporation purchased 20000 of 6 bonds of roberts corporation due in 8 14 years. the bonds
Ethical Obligations and Decision Making in Accounting
Suppose that each person in a group of n people votes for exactly two people from a slate of candidates to fill two positions on a committee.The top two finishers both win positions as long as each receives more than n/2 votes.
Presented below are two different situations related to Mckee Corporation's debt obligations. Mckee's next financial reporting date is December 31, 2014. The financial statements are authorized for issuance on March 1, 2015.
Sound Tek Inc. manufactures electronic stereo equipment. The manufacturing process includes printed circuit (PC) board assembly, final assembly, testing, and shipping.
complete golf accessories sells golf shoes gloves and a laser-guided rangeshyfinder that measures distance. shown below
Compute 2014 cash basis net income and compute 2014 accrual basis net income
what would be the journal entry for "finished goods with a carrying cost of 138500 are sold on account for 199500. assume a perpetual inventory system and enter a compound journal entry".
jan. 10 - split the common stock 4 for 1 and reduced the par from 100 to 25 per share. after the split there were
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