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Question - Cash and Noncash Issuances Chavoy Corporation was organized on July 1. The company's charter authorizes 100,000 shares of $10 par value common stock. On August 1, the attorney who helped organize the corporation accepted 800 shares of Chavoy common stock in a settlement for services provided (the services were values at $9,600). On August 15, Chavoy issue 5,000 common shares for $75,000 cash. On October 15, Chavoy issued 3,000 common shares to acquire a vacant land site appraised at $48,000. Prepare the journal entries to record the stock issuances on August 1, August 15 and Oct. 15.
selected account balances from the adjusted trial balance for olinda corporation as of its calendar year end december
What approach would you use to determine selling price (for example cost plus or target costing)? It is important when choosing a design. Explain your rationale for the pricing approach. Show expectations of growth and potential profit.
your cpa firm is preparing the tax return of a new client who says he has had numerous transactions involving the sale
a. cardons winterized cleaned and covered three boats for customers at the end of november but did not record the
For this assignment, you will decide what type of budget to implement for a start-up company. Write a three to four (3-4) page paper in which you: 1. Summarize the type of manufacturing company you plan to start up and determine how you will design ..
Which of the following results in a decrease in the investment account when applying the equity method?
Calculate the average, min and max for each exam. Use formula to show total for each student based on four best exam scores.
Circle Corporation makes a product that sells for $400 per unit. The variable costs to make this product are $220 per unit. Fixed costs total $750,000 for the year. Circle currently sells 5,000 units each year.
The bond issue costs relating to this transaction were $90,000. Harry amortizes discounts, premiums, and bond issue costs using the straight-line method. What amount of loss should Harry recognize on the redemption of these bonds (ignore taxes)?
effect of transactions on cash flows state the effect cash receipt or payment and amount of each of the following
Explain why each of the following is reported as a contingent liability but not recognised as a provision in the statement of financial position (balance sheet).
Give some examples of manufacturing processes that would fit into each of the three different types of production processes: continuous processing, batch processing, and custom made to order.
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