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Pinson Corporation was organized on January 1, 2010. It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock and 500,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year
Jan. 10 Issued 80,000 shares of common stock for cash at $4 per share.Mar. 1 Issued 12,000 shares of preferred stock for cash at $54 per share.May 1 Issued 120,000 shares of common stock for cash at $5 per share.Sept. 1 Issued 5,000 shares of common stock for cash at $6 per share.Nov. 1 Issued 3,000 shares of preferred stock for cash at $56 per share.
category options are : cash, common stock , paid in capital in excess of stated value- common stock, preferred stock, treasury stock, paid in capital in excess of par value- preferred stock.
w and o inc. has decided to use the high low method to estimate the total cost and the fixed and variable cost
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Determining the true cash balance, starting with the unadjusted book balance and determine the true cash balance as of April 30.
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The payment of liability A
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christian and sons static budget for 9719 units of production includes 41782 for direct materials 46096 for direct
felicia company acquired 21000 of the 60000 shares of outstanding common stock of nueces corporation during 2010 as a
Use the payback period to assess the acceptability and relative ranking of each machine. Assuming equal risk, use the following sophisticated capital budgeting techniques.
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