Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On February 3, the Teel Corporation enters into a subscription contract with several subscribers for 5,000 shares of $10 par common stock at a price of $16 per share. The contract requires a down payment of 25%, with the remaining balance to be paid on May 3. The stock will be issued to each subscriber upon full payment. Required Prepare Journal entries to record the following: 1. The February 3 receipt of the down payment and signing of the contract. 2. The May 3 receipt of the remaining balance from subscribers to 4,000 shares. The market price is currently $17 per share. 3. The default of a subscriber to 1,000 shares. These shares are sold on the open market for $17 per share on May 4, and the down payment is returned to the subscriber.
Izabelle and Marta are forming a partnership. Izabelle will invest a piece of equipment with a book value of $5,000 and a fair market value of $15,000. Marta will invest a building with a book value of $30,000 and a fair market value of $35,000.
corporation r signed a contract to undertake a transaction that will generate 360000 total cash tot he corporation.
the happy day care center is considering an investment that will require an initial cash outlay of 300000 to purchase
John's car was completely destroyed by a fire in 2010. Its cost and fair market value were $8,000. John's claim against insurance was $3,000 and was NOT made until 2011. The following year, 2011, John settled with the insurance company for $2,000. Wh..
on december 31 2014 santana company has 7194600 of short-term debt in the form of notes payable to golden state bank
variable analysis is a critical aspect of many businesses. do a little research to find an article in thelibrary where
For each of the above transactions, specify whether the item in question should be included in ending inventory, and if so, at what amount.
healy corporation had the following operating events occur during the month of august 2010. healy corporation fiscal
the questions that follow are based on rule 101 of the aicpa code of the professional conduct as it relates to
Publicly traded firms are required to report to the investors using an accrual not a cash-basis approach. Do you think they should? What are the advantages? The drawbacks?
Which one of the following is an agency cost? a) accepting an investment opportunity that will add value to the firm b) increasing the quarterly dividend
assume it is now december 31 2013 and nicole has just completed her first year of operations at nicoles getaway spa.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd