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Question - Marigold Corporation issued 3,650 shares of stock.
Prepare the entry for the issuance under the following assumptions.
(a) The stock had a par value of $6 per share and was issued for a total of $54,000.
(b) The stock had a stated value of $6 per share and was issued for a total of $54,000.
(c) The stock had no par or stated value and was issued for a total of $54,000.
(d) The stock had a par value of $6 per share and was issued to attorneys for services during incorporation valued at $54,000.
(e) The stock had a par value of $6 per share and was issued for land worth $54,000.
If Kingbird's tax rate is 27%, what amount should it report as the cumulative effect changing the estimated bad rate
(b) the units-of-output method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round ..
Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, and the Owner's Equity account
Gilly Construction trades in an old tractor for a new tractor, receiving a $ 29,000 trade in allowance and paying the remaining $ 83,000 in cash.
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Devise a counter proposal that management can bring to the table.
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If volume in the first year is estimated to be 10,000 visits, what price per visit must be set if the practice wants to make an annual profit of $150,000
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