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Question - On January 2, 2016, Alpha Corporation procured new equipment with an issue of 5,000 shares of $4.00 par value common stock. The equipment had an MSRP of $65,000. Alpha's stock was trading on the open market for $9.75 per share on January 2nd. Use this information to make the General Journal entry (without explanation) for the January 2 entry.
Given your knowledge of Walmart's key success and risk factors, use the note information described above to evaluate Walmart's accounting quality
Answer the following questions using examples and applications from the readings. Justify your answers using economic concepts and ideas as they apply. Each response should be between 100-200 words.
if fixed costs are 750000 and variable costs are 80 of sales what is the break-even point in sales dollars?a. 937500b.
The president of Pratt Company is puzzled. During the last year, the company experienced a net loss of $800,000, yet its cash increased $300,000 during the same period of time. Explain to the president how this could occur.
The preferred stock of Blue Sky Air pays an annual dividend of $7.25 a share and sells for $54 a share. The tax rate is 35 percent. What is the firm's cost of preferred stock?
The projected benefit obligation was $80 million at the beginning of the year. What was the amount of the projected benefit obligation at year-end
Hamm contributed property with a fair value of $50,000. Prepare the journal entry for February 1, 2014 for the partners' equity investment
Adler Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2008, the first year of the corporation's existence:
Recast the preceding income statements in a format that provides more information in making this decision regarding the steaks product line.
Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased
corsi company had the following department
Determine the required lease payment if the lease agreement calls for 10 equal semiannual payments begin- ning six months from the date of the agreement
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