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Question 1. Butter Corporation issued 3,000 shares of P10 par value common stock for P45, 000. Prepare Butter's journal entry.
Question 2. Frosty Corporation issued 300 shares at P10 par value common stock and 100 shares of P50 par value preferred stock for a lump sum of P13, 500. The common stock has a market price of P20 per share and the preferred stock has a market price of P90 per share. Prepare the journal entry to record the issuance.
Rally Communications Company manufactures glass fibres used in the communications industry. What is the total annual cost of ordering
The following facts relate to an employer provided automobile. Which one of the amounts represents the employee's minimum standby charge in 2012?
cool breeze skis makes and sells specialty skis. on june 30 the company had 312 pairs of skis in finished-goods
watson company has the following data work in process beginning 18000 work in process ending 25000 direct labor costs
Round answer for Payback decimal place, or use 5 places as displayed in the factor table provided.) e.g. 10.5. purposes, Cash payback period years Net present v
Simon just received a 30-Day letter from the IRS indicating a proposed assessment. Does he have to pay the additional tax? What are his options?
profitability ratios low carb diet supplement inc. has two divisions. division a has a profit of 100000 on sales of
Sales mix impact: Analyze the impact of the shift in sales mix by determining the sales mix variancebetween 2016 and 2017.
The Statement of Cash Flows presents how changes in Balance Sheet accounts will affect a company's cash balance. Refer to that information.
What you know about warranties, identify three most significant risks you have identified as you plan the audit procedures for this account.
"Limited liability for shareholders makes it possible to have a separation of ownership and management." Explain what the prvious statement means and why it helps to make a corporation an attractive vehilce for investors. (6 marks)
Assume the cost of capital is 12 percent and the income tax rate is 40 percent. Determine the net present value of the asset
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