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To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share. 1-a. Complete the table below, indicating the account, amount, and direction of the effect (+ for increase and − for decrease) for the stock issuance. (Enter all amounts as positive values.) 1-b. Prepare the journal entry for the stock issuance. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 2-a. Complete the table below, indicating the account, amount, and direction of the effect (+ for increase and − for decrease) for the stock issuance with a par value of $2. (Enter all amounts as positive values.) 2-b. Prepare the journal entry for the stock issuance, If the par value were $2 per share. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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Rick has a $50,000 basis in the RKS General Partnership on January 1 of the current year, and he owns no other investments. He has a 20% capital interest, a 30% profits interest, and a 40% loss interest in the partnership. Rick does not work in the p..
Assume Simple Co. had credit sales of $240,000 and cost of goods sold of $140,000 for the period. Simple uses the percentage of credit sales method and estimates that 1 percent of credit sales would result in uncollectible accounts. Before the end-of..
from the data given compute the margin of safety.penury company offers two products. at present the following
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When the market rate of interest was 11%, Munson Corporation issued $1,000,000, 12%, 8-year bonds that pay interest semi annually. The selling price of this bond issue was?
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