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A corporation purchases 1,000 shares of Xerox stock as a short-term investment. The cost per share is $100 and there is a broker's fee of $2,000. It later sells these shares at $110 each and incurs a $3,000 broker's fee. Prepare entries for these transactions.
on november 1 bobs skateboards signed a 12000 90-day 5 note payable to cover a past due account payable. required a.
If a Perpetual bond yields 5% and makes an equal payment each year; which has the longer duration - a perpetual bond or a 15-year zero-coupon bond?
ethical issue reclassification of receivablesrespond to the following ethical issue concerning the reclassification of
Prepare a classified balance sheet in good form. common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares.
Determine Hassell's and Lawson's participation in the year's net income of $288,000 under each of the independent assumptions above.
Please describe how to prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts.
They evaluate financial and information systems, management procedures, and internal controls to determine whether records are complete and whether or not sufficient controls are in place. What do you think would be the internal auditors' principa..
By preparing a four-column bank reconciliation ("proof of cash") at year-end, an auditor will generally not be able to detect:
on december 31 2014 santana company has 7194600 of short-term debt in the form of notes payable to golden state bank
Choose a public company financial statement - 10k or annual report. Review the footnote disclosures related to intercompany activity. How important is this activity to the consolidated group? Where do you find this information? Be sure and post a ..
what are yancy's realized and recognized gain or loss?C) what are yancy's realized and recognized gain or loss in (a) if the house was rental property?
assume you work as an assistant accountant in the head office of a national movie rental business a la blockbuster inc.
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