Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Faith Evans Corporation is a regional company which is an SEC registrant. The corporation's securities are thinly traded on NASDAQ. Faith Evans Corp. has issued 10,000 units. Each unit consists of a $500 par, 12% subordinated debenture and 10 shares of $5 par common stock. The units were sold to outside investors for cash at $880 per unit. Prior to this sale, the 2-week ask price of common stock was $40 per share. Twelve percent is a reasonable market yield for the debentures, and therefore the par value of the bonds is equal to the fair value.
Instructions -
a) Prepare the journal entry to record Evans' transaction, under the following conditions.
1) Employing the incremental method.
2) Employing the proportional method, assuming the recent price quote on the common stock reflects fair value.
Dunder Mifflin had the following balances in selected accounts at the end of 2015 and 2016. Calculate the acid test ratio for 2015 and 2016 for Dunder Mifflin
conduct research on batch versus real-time processing, and identify situations in which batch processing would be preferred over real-time processing
Prepare the income statement for January, Accounts receivable
The governor and his college age daughter are talking after dinner. The governor has had a rough day at the office discussing the state budget problems The daughter is home on vacation after having completed a course in municipal accounting
Home Builders sells windows and doors in the ratio of 8:2 (windows:doors). The selling price of each window is $100 and of each door is $250.
The ledgers of Mid City Galleries Inc. contain the following balances as of December 31, 2006. Prepare in good form a multiple-step income statement for Mid City Galleries.
Logic Behind IFE Investors based in the U.S. can earn 11% interest on a one-year bank deposit in Argentina (with no default risk) or 2% on a one-year U.S. bank deposit in the U.S. (with no default risk).
Explain how the concepts learned in this course are relevant to the characteristics of a professional mathematics teacher. Determine how the course concepts have influenced your own ideas and philosophy of teaching.
If this proposal had been enacted, what would the effect likely have been on the unemployment rate in France? Briefly explain.
Calculate the amount of goodwill that should be presented on Prints Galore's December 31, 2016 consolidated statement of financial position.
Carla Corporation has outstanding 20,000 shares of $5 par value common stock. Prepare Carla's journal entries to record these transactions using the cost method
For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd