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Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 2,500 shares of no-par common stock to its promotoers in exchange for their efforts, estimated to be worth $43,500. The stock has no stated value. 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $2 per share stated value. 3. A corporation issued 5,000 shares of $30 par value common stock for $180,000 cash. 4. A corporation issued 1,250 shares of $100 par value preferred stock for $168,500 cash.
Journalize the transactions, including explanations, post to the ledger T accounts - Prepare a trial balance on April 30, 2010
Assuming Dodger's tax rate is 30 percent in all periods, and that the company uses the carryback provisions, what amount should appear in Dodger's statements for financial reporting purposes as a net loss in 2011?
Multiple choice questions related to ratio analysis and quick ratio is considered more useful than the current ratio
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Equivalent production for the month was 4,400 units. At what stage of completion were the unfinished units at the end of the month?
How should declared but unpaid dividends be recorded? The problem states that the company has a yearend date of Dec 31st. and that there are 15000 of declared dividends. Should this affect my common stock or retained earnings?
determine the under applied overhead in ligitation department.winkle kotter and zale is a small law firm that contains
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Purpose the journal entry at May 31, 2008, to record the sale of the bonds. and the journal entry at September 30, 2008, to record the semiannual bond interest payment.
rex baker and ty farney are forming a partnership to which baker will devote three-fourth time and farney will devote
What impact might this have on your analysis? Support your answer with at least one numerical example
reconciliation of master budget operating income flexible budget operating income and actual operating income.downes
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