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On December 1, Miser Corporation exchanged 2,000 shares of its $25 par value common stock held in treasury for a parcel of land to be held for a future plant site. The treasury shares were acquired by Miser at a cost of $40 per share, and on the exchange date the common shares of Miser had a fair market value of $50 per share. Miser received $6,000 for selling scrap when an existing building on the property was removed from the site. Based on these facts, the land should be capitalized at what amount?
weston company uses the fifo method in its process costing system. the first processing department the welding
in 2010 the dugan co. had net credit sales of 750000. on january 1 2010 allowance for doubtful accounts had a credit
A company has 10%, 20-year bonds outstanding with a par value of $500,000. The company calls the bonds at 96 when the unamortized discount is $24,500. Calculate the gain or loss on the retirement of these bonds.
a company purchases property that includes land buildings and equipment for 5.5 million. the company pays 180000 in
from the e-activity analyze the situation from the company you selected and the internal controls that may have been
kenseth corporations unadjusted trial balance at december 1 2014 is presented below.debitcreditcash22000accounts
1 beau brentley earned 60000 from his job at bridgestone tires. he had 15 of his gross pay withheld for federal income
The following table lists the stockholders equity accounts appearing on the balance sheet of a corporation on Dec. 31, 2008. Answer the questions below the table.
Explain how the use of ratios can help in analyzing the profitability, liquidity, efficiency and capital structure of business.
the tobias company has 12 obsolete computers that are carried in inventory at a cost of 13200. if these computers are
Next year's sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12, respectively.
the bank portion of the bank reconciliation for helene company at november 30 2012 was as follows.helene company bank
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