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Question - Prepare the appropriate journal entries, if required, for the following items:
1. Sold 250,000 shares common stock at $5 cash each, $.01 par value
2. Bought back 1,000 shares of company common stock at $6 a share to use for management incentives etc.
3. Issued 100,000 shares of preferred stock for cash, $0.10 par value, for $30 a share.
4. Company declared a 2 for 1 stock split when there were 2,000,000 shares outstanding.
"The difference between practical capacity and master-budget capacity utilization is the best measure of management's ability to balance the costs of having.
Discuss Methods of Evaluation of the Learning Experience,How this Independent Study will Help the Student Meet Those Goals
Milton Company provides this information for the month of November, 2007: sales on credit $150,000; cash sales $50,000; sales discount $2,000; and sales returns and allowances $8,000. Prepare the sales revenues section of the income statement base..
Create the stockholders' equity section of the balance sheet as of December 31, 2018. Net income for the year was $478,000.
Creative Computing sells a tablet computer called the Protab. A coupon to purchase a Creative Probook for $675, Find the stand alone selling price of Probook
Top Company obtained 100 percent of Bottom Company's common stock on January 1, 20X6 by issuing 12,500 shares of its own common stock, which had a $5 par value and a $15 fair value on that date.
Assume you are a member of this taskforce; discuss what types of assertions you would expect your client's management to make regarding socially responsible.
(1) Name the accounts impacted and how using the format account name/debit or credit/dollar amount and (2) explain how the Accounting Equation is impacted.
Discuss the ways and conditions under which the FIFO and LIFO inventory costing methods produce different inventory valuations. Do not discuss procedures for computing inventory cost.(AICPA adapted)
Calculate the Net Present Value (NPV) of the project. Calculate the Profitablility Index (PI) of the project. (Round to 2 decimal places.)
Describe how a capital lease would be accounted for by the lessee both at the inception of the lease and during the first year of the lease.
Direct-Material Variances Nakhon Custom Shirt Company uses a special fabric in the production of dress shirts. During August, Nakhon Custom Shirt purchased.
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