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1. On January 1, 2010 (the date of grant), Lutz Corporation issues 2,000 shares of restricted stock to its executives. The fair value of these shares is $75,000, and their par value is $10,000. The stock is forfeited if the executives do not complete 3 years of employment with the company. Prepare the journal entry (if any) on January 1, 2010, and on December 31, 2010, assuming the service period is 3 years.
leslie company sells business stationery imprinted with acustomers business name and address. to do this it purchased a
Carin, a widow, elected to receive the proceeds of a $100,000 life insurance policy on the life of her deceased husband in 10 installments of $15,000 each. Her husband had paid premiums of $75,000 on the policy. In the first year, Carin collected ..
miyamoto jewelers is considering a special order for 12 handcrafted gold bracelets to be given as gifts to members of a
A) What is the projects NPV B) What is the projects payback period C) What is the projects profitability index D) What is the projects IRR
The following information has been gathered for the Green Division: Return on investment 10.00% Sales 510000 Operating assets 255,000 Cost of capital 12.00% Profit Margin 7.50% Compute the Green Division's residual income.(please show your work)
For the expansion, GBATT is exploring which of two possible approaches to take for constructing a new manufacturing facility in Brazil. In addition to analyzing the risks associated with the expansion, you have been asked to provide analysis for s..
msu company manufactures special electrical equipment and parts. msu employs a standard cost accounting system with
Prepare in good form a multiple-step income statement for the year 2011. Assume a 30% tax rate and that 100,000 shares of common stock were outstanding during the year
bonnies corporation applies overhead at the rate of 70 of direct labor. it incurred 450000 of direct labor during the
1.On July 15, 2013, the Nixon Car Company purchased 1,000 tires from the Harwell Company for $50 each.
how do the various investment classifications affect financial statements? what is the rationale behind the different
1. How much freedom should a company like Altitude Online allow for its employees to choose their own personal application software? Why might a company prefer to standardize around specific software packages?
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