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Question - As part of its Employee Stock Ownership Plan, during Year 1, Anteater Co. employees purchased 10,000 shares of company stock for $8.50, the purchase price representing a 15% discount from the average stock price of $10.00 during Year 1.
Required -
1. Prepare the journal entry to record the share issuance under US GAAP.
2. Prepare the journal entry to record the share issuance under IFRS.
Crane Corp. has a gross profit margin of 30.00 percent, sales of $30,000,000, and inventory of $14,000,000. What is its inventory turnover ratio
A firm is experiencing cash flow difficulties. Which of the following types of loans would allow it to obtain cash in the easiest manner?
Calculate the expected total profit or loss from the special order. A special order for 5 500 units of Choc at a price of R40 each has been received.
Prepare the schedule of lease payments for London Ltd and show the journal entries for the lease for the year ended 30 June 20x5.
Management of Brian Lee, If the appropriate discount rate is 14 percent, what is the IRR that Brian Lee management can expect on this project?
If Joe has 5000 to invest has an opportunity to invest in a set earning 5% per year how much will he have after 10 years? Assume an n=1
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Find What is WACC for Johnny Cake Ltd. Assume Johnny Cake's weighted-average tax rate is 34 percent, next dividend is expected to be $3 per share
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