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Problem 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.
if a company has had a 90-day guaranteed return policy since 1983 but has never has had a return is there an accounting
When can information about two operating segments be aggregated? How is accounting for pensions different than accounting for other post-retirement benefits?
Manufacturing overhead is applied on the basis of direct labor costs. How much of the underapplied overhead should be allocated to finished goods
edgar co. acquired 60 of stendall co. on january 1 2011. during 2011 edgar made several sales of inventory to stendall.
At the end of the company's fiscal year on November 30, 2014, Calculate the profit margin and the gross profit rate
fleet inc. manufactured 700 units of product a a new product in 2001. product as variable and fixed manufacturing costs
Use the information below to prepare the bank reconciliation for EEE Electric for month of September. The bank statement indicated bank service charges of $63
Lisa is 17 years old and is a dependent of her parents. How much of her TI is Net Unearned Income (NUI), subject to taxation under the kiddie tax rules
You are an entrepreneur that has just received full Venture Capital funding to launch your new invention. This is a plug-in electric unit that you can slip under any object or person which will levitate the object or person from 1 to 6 inches abov..
Did the accountant record the transaction correctly? Why would the Board of Directors want to show the gain? Are there any ethical issues involved
Calculate the monthly amortization expense before the upgrade and the accumulated amortization and book value on August 31, 2015
on july 23 of the current year dakota mining co. pays 8343600 for land estimated to contain 9816000 tons of recoverable
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