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Questions -
Q1. On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. Use this information to prepare the General Journal entries (without explanation) for January 2 and March 1.
Q2. On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, 2016, when the market was soaring, Alpha reissued 500 shares of treasury stock at the going market rate of $22 per share. Use this information to prepare the General Journal entry (without explanation) for September 1.
Charlie purchased an apartment building on November 16, Year 1, for $1,000,000. Determine the cost recovery for Year 20
Investment in Quality The Sydney Manufacturing Company produces a single model of a high-quality DVD player that it sells to Australian manufacturers of sound.
The East and West Railroad Company has two divisions, the East Division and the West Division. What is the amount of track improvement cost
for the past several years emily page has operated a part-time consulting business from her home. as of june 1 2010
Compute ending inventory, cost of goods sold, and gross profit. Assume the company uses three inventory pools instead of one. Repeat instruction (a).
Equity Investment on July 1, 2010, Selig Company purchased for cash 40% of the outstanding capital stock of Spoor Corporation. Both Selig and Spoor have a December 31 year-end.
Daisy Delacroix is considering the purchase of a new production machine that costs $90,000. What is the net present value of the machine
How much does it currently cost the college to provide police services for football games? What would be the pros and cons of completely subcontracting this work to outside law enforcement agencies?
the following standards for variable overhead have been established for a company that makes only one
If the drill press costs $10,000 determine the expected benefit to cost ratio of the project using a MARR of 15%. Should the automated drill press be purchased?
Explain whether Bird Ltd should recognize a liability for legal damages in its financial statements as at 30 June 2017
AC2799: Business Impact of Financial Statements - What checks and balances will be incorporated in selected financial statement, based on your suggested changes
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