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Prepare journal entries to record the following four separate issuances of stock.
1. A corporation issued 4,000 shares of $ 5 par value common stock for $ 35,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $ 40,000. The stock has a $ 1 per share stated value. 3. A corporation issued 2,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $ 40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $ 50 par value preferred stock for $ 60,000 cash.
hoi chong transport ltd. operates a fleet of delivery trucks in singapore. the company has determined that if a truck
The following transactions of the Weber Company occurred during 2010:
anita vasquez received 210000 from her mothers estate. she placed the funds into the hands of a broker who purchased
pantanal inc. manufactures car seats in a local factory. for costing purposes it uses a first-in first-out fifo process
Prepare an accrual basis income statement for the year
Hanson Company uses a periodic inventory system. For 2012, its beginning inventory was $74,000; purchases of inventory were $328,000; and inventory at the end of the period was $89,000. What was the amount of Hanson's cost of goods sold for 2012?
Distinguish among the focuses of the GAAS standards of fieldwork and standards of reporting.
the cost of equipment purchased by charleston inc. on june 1 2012 is 217160. it is estimated that the machine will have
the richburn manufacturing company increased its merchandise inventory by 21000 over the year. the company also granted
In a 2-3 page paper you will research Toyota and describe the characteristics of Toyota's organizational culture as well as the role that cost accounting plays as part of that culture.
during the past several years the annual net income of avery company has averaged 540000. at the present time the
stanley-morgan industries adopted a defined benefit pension plan on april 12 2011. the provisions of the plan were not
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