Prepare the journal entry

Assignment Help Financial Accounting
Reference no: EM132941266

Question - Aquired 70000 units share at RM12.50 per unit with transaction cost of RM9000. The shared were purchased for long term investment. Prepare the journal entry.

Reference no: EM132941266

Questions Cloud

Examples of companies with a conscience : In his article, "Ethical Marketing: 5 Examples of Companies with a Conscience", Dan Shewan argues that each of the businesses he discusses 'all share a common c
Identity the areas of concern raised in the national labour : a) Identity the areas of concern raised in the national labour force survey 2016/2017 of Uganda that you would address in relation to;
How much is the loss from the patent obsolescence : On July 1, 2020, a competitor obtained rights to a patent which made Dragon Fruit's patent obsolete. How much is the loss from the patent obsolescence
What amount of impairment loss should MM Co recognize : The carrying value of the oil platform is P40,000,000. What amount of impairment loss should MM Co. recognize in relation to the oil platform
Prepare the journal entry : Aquired 70000 units share at RM12.50 per unit with transaction cost of RM9000. The shared were purchased for long term investment. Prepare the journal entry
Journalize Statham Co entries for the sale : Journalize Statham Co.'s entries for the (a) sale, (b) purchase, and (c) payment of amount due. If an amount box does not require an entry, leave it blank
What grounds are kristin demands of steven justifiable : A Good Team Player Having done well as a staff accountant in the accounts payable section of a major industrial firm for several years since his graduation from
Calculate the gross pay : Calculate the following gross pay. Any hours over 40 is overtime and they are paid as time and a half. Ben works 42 hours @ $11.80/hour
Calculate the company weighted average costs : Its CFO says its marginal tax rate is 30% and its cost of common equity capital is 12%. Calculate the company's Weighted Average Costs

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a contribution format income statement

Prepare a contribution format income statement for the month based on actual sales data. - Compute the break-even point in sales dollars for the month, based on the actual data.

  What is the revaluation surplus on january

What is the revaluation surplus on January 1, 2020? BOUGAINVILLEA Company acquired a building on January 1, 2017 at a cost of 20,000,000

  Find how managerial accounting help managers

Provide one specific, real-life example of how either financial accounting.Find How managerial accounting help managers to improve operational.

  Calculate any gain or loss on the disposal of the equipment

Journalize the sale of the equipment, assuming straight-line depreciation was used. First, calculate any gain or loss on the disposal of the equipment

  Calculate the estimated cost of the inventory on may

Utley Co. prepares monthly income statements. Inventory is counted only at year end. Calculate the estimated cost of the inventory on May 31.

  What is the stock worth today of art company

Beginning in year four, the dividend will begin growing at a constant rate of 4%. With a required return of 10%, what is the stock worth today?

  From data calculate the inventory value in the balance

from data calculate the inventory value in the balance sheet.in your audit of jose oliva company you find that a

  How the figure of non-controlling interest should be

How the figure of non-controlling interest should be calculated for inclusion in the consolidated statement of financial position of the Elsa group

  What is tfp level for economy relative to level associated

The SOE employs three quarters of the work force (Ns=3/4) (i) What is the efficient allocation of labor in this economy? (ii) What is the TFP level for the economy relative to the level associated with the efficient allocation?

  Compute the ratios for the common stock

The Stockholders' Equity section of the balance sheet for Kotsis Industries at the end of 2014 appears as follows: 8%, $100 par, cumulative preferred stock, 200,000 shares authorized, 50,000 shares issued and outstanding $5,000,000 Additional paid-in..

  Customer-profitability profile highlights

“A customer-profitability profile highlights those customers a company should drop to improve profitability.” Do you agree? Explain. Are all customers important? What other options does the organization have instead of “dropping” the customer?

  How much does marcy need to contribute to retirement fund

Marcy Johnson, How much does Marcy need to contribute to retirement fund at the end of each year in order to fund her retirement?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd