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Stock transactions
On August 15, 1,600 shares of Birch Company are acquired at a price of $44 per share plus a $160 brokerage fee. On September 10, a $0.75-per-share dividend was received on the Birch Company stock. On October 5, 500 shares of the Birch Company stock were sold for $35 per share less a $50 brokerage fee. Prepare the journal entries for the original purchase, dividend, and sale.
Available-for-sale securities are securities that management expects to sell in the future, but are not actively traded for profit.
Prepare journal entries required at December 31, 2010, and December 31, 2011, assuming that the inventory is recorded at cost and an allowance account is adjusted at each year-end under a perpetual system.
What amount of bad debts expense will Hamilton Company report if it uses the direct write-off method of accounting for bad debts?
Write a memo identifying the legal ISSUE(s), conclusion, list of relevant authorities, discussion of the law, and the application of the law. Use these subheadings, as it is not enough to describe the law. For each CASE discuss and apply at least ..
SealCoat Company made $50,000 in 2010 and paid no dividends. Primer Company's separate income in 2010 was $625,000. The controlling interest in consolidated net income for 2010 is:
On January 1, 2006, Walter Corporation had Retained Earnings of $378,000. During the year, Walter had the following selected transactions: Prepare a retained earnings statement for the year.
a 1000 bond has a coupon of 6 percent and matures after 10 years.a. what would be the bonds price if comparable debt
Werner Chemical, Inc., leased a protein analyzer on September 30, 2013-Depreciation is recorded on a straight-line basis at the end of each fiscal year. The useful life of the equipment is five years.
Purchases made on Sonic Sales Company credit cards submit payments
Use the following information to complete Paul and Judy Vance's 2013 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps.
1 what does cost accounting measure record and report?2 what is the best way to handle manufacturing overhead costs in
What interest rate should be used to calculate the interest revenue from this transaction for the years ended December 31, 2011 and 2012, respectively?
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