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insurance of stock: organization costs the snow bound corporation was incorporated in luvu. The firm's charter authorized the sale of 200,000shares of $10 par-value common stock. the following transactions occured during the year.
July 1. Sold 45,000 shares of common stock to investors for $18 per share. Cash was collected and shares were issued.
july 7. issued 600 shares to sharon dale attorney - at - law , for services rendered during the corporation's organizational phase . dale charged $ 12, 600 for her work.
august 11. sold 20,000shares to investors for $ 22 per share. Cash was collected and the share were issued.
december 14. issued 30,000 to the MIB company for land valued at $ 900,000
Problem 1: prepare journal entries to record each of the transactions.
The bonds would mature in 15 years, and the coupon interest rate is 10%. Compute the after-tax cost of capital to Dayton for bonds.
The Killdeer Corporation produces artificial nests for shorebirds. The Fall tends to be a slow time for Killdeer, and they expect to only sell 5,000 nests in October. Nests sell for $2 each. Given the data below, prepare a projected income statement ..
On January 1, Zabel Corporation purchased a 25% equity in Helbert Corporation for $198,100. At December 31, Helbert declared and paid a $57,400 cash dividend and reported net income of $237,700. Journalize the transactions. Determine the amount to be..
on 1st november 2011 olympic company adopted a stock option plan that granted options to key executives to purchase
Briefly explain eight deficiencies you note in Jeff's attribute sampling application. Jeff Jacobs is junior accountant with Public Accounting firm of Maxwell.
Evaluation of Variable cost per unit and Using the high-low method, what is the variable cost per unit
Compute 3M's receivables turnover ratio. Compute 3M's average collection period for accounts receivable in days.
multiple choice questions on cash and cash equivalents.a company that increases its liquidity by holding more cash and
Consultants for guidance in reviewing two capital projects the company are considering with the aim of delivering increased profits for distribution to shareholders.
Calculate required sample size. Assume your firm uses the following non statistical formula to determine sample size.
calculating the break even point in units.armstrong helmet company manufactures a unique model of bicycle helmet.nbsp
What are any amounts that Rantzow-Lear Company would report in its 2018 balance sheet and income statement as a result of this investment?
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