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1) Michael Smith, your uncle, is an inventor who has decided to incorporate. Uncle Michael knows that you are an accounting major at U.N.O. In a recent letter to you, he ends with the question, "I'm filling out a state incorporation application. Can you tell me the difference among the following terms: (1) authorized stock, (2) issued stock, (3) outstanding stock, and (4) preferred stock?" In a brief note, differentiate for Uncle Michael the four different stock terms. Write the letter to be friendly, yet professional. 2) Rudolph, president of Ap, Inc., is considering the issuance of bonds to finance an expansion of his business. He has asked you to do the following: (1) discuss the advantages of bonds over common stock financing, (2) indicate the types of bonds he might issue, and (3) explain the issuing procedures used in bond transactions. Write a memorandum to the president, answering his request.
Write an analysis about test of liquidity that compare Best buy to Radio Shack and Conn's.
Suppose that Noven had $49,000 in an inventory of transdermal estrogen delivery patches. These patches are from an initial production run, and will be sold during the coming year.
ABC Corp. purchased an asset on January 1, 2008, for $10,400. The asset was expected to have a ten-year life and a $1,000 salvage value. ABC Corp. uses the straight-line method of depreciation. On January 1, 2010, ABC Corp. determines that the ass..
Mark typically works 40 hours/week at $15/hour regular pay and receives four weeks of vacation. This week he worked 50 hours as his employer asked him to work Saturday to take care of the Christmas backlog. Determine the following: 1. The amount o..
1.caine bottling corporation is considering the purchase of a new bottling machine. the machine would cost 183122 and
explain the horizontal analysis of financial statements? how does horizontal analysis differ from vertical
Calculate depreciation for each of the five years using the declining balance method at twice the straight-line rate.
suppose the total market value of a company is 6 million and the total market value of its debt is 4 million the
Sampras Company purchased a machine for $30 000 on 1 January 2007 with an estimated life of 5 years and a residual value of zero. The straight-line method of depreciation is used. What is the carrying value of the machine on the 31 December 2008 i..
on checking the bank pass book it was found that it showed an overdraft of 5220 as on 31st december 2008 while as per
Labor hours and production costs for the last four months of 19A, which you believe are representative for the year, were.
At 12/31/07 the general ledger of hoffman electric had the following account balances. All adjusting entries (except forincome taxes @ 35%) have been made.
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