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Question 1: On January 2, 2016, Alpha Corporation issued 1,500 shares of $6 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,100 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries.
wondra supplies showed the following selected adjusted balances at its december 31 2010year-endaccounts
Three years ago, Roswell copying purchased a color copier for $80,000 and expense it under Code 179 in the year it was place in service. In the current year, Roswell traded in the old copier for a newer, smaller model worth $15,000 cash. Compute the ..
Prepare the journal entries for the following transactions for Morgan Co Morgan Co. received a $.40 per share dividend from Gordon Corp. Stock.
Monthly deposits are made into an account paying 6.8% nominal interest compounded monthly. If the objective of these deposits is to accumulate at least $95,000 by the end of the 5th yr, what is the smallest amount of each deposit that will accomplish..
Determine the market value proportions of debt, preference shares and ordinary equity comprising the company's capital structure.
volume changes for contribution margin and net income this year Bertrand Company sold
How would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity.
The Killdeer Corporation produces artificial nests for shorebirds. The Fall tends to be a slow time for Killdeer, and they expect to only sell 5,000 nests in October. Nests sell for $2 each. Given the data below, prepare a projected income statement ..
The Red and Blue partnership has been created to operate a law firm. The partners have been attempting to devise a fair system to allocate profits and losses. Red plans to work more billable hours each year than Blue. However, Blue has more experienc..
Mickley Company's predetermined overhead rate is $23.00 per direct labor-hour and its direct labor wage rate is $15.00 per hour. The following information pertains to Job
Over head application to job- How much overhead should be applied to Job No. B12
Analyze the management of net working capital and advise the CEO and CFO.
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