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 - On January 2, 2012, Norwin Company purchased 1000 shares of oslo Company common stock for $30000.the stock has a par value of $10 and is part of the total stock outstanding of $20000 shares of oslo company. Norwin Company intends the stock to be available for sale. Total stockholders' equity of Oslo Company on January 2, 2012 was $600000.
Prepare the necessary journal entries on the book of Norwin Company for the following transactions.
a. 1/2/2012 Norwin purchases the shares described above.
b.12/31/2012:Norwin receives a $.75 per share dividend from Oslo , and Oslo announces a net income for 2012 of $250000.
c. 12/31/2012:According to the Wall Street Journal , Oslo common is selling for $27 per share. Norwin's management views this decline as being only temporary in nature. Oslo's common is Norwin's only available for sale security.
d. 2/15/2013: Norwin sells 500 of the shares purchased on january 2, 2012 at $32 per share.
Prepare the appropriate journal entries on January 1 for the issuance of the bonds and on December 31 for the first interest payment assuming straight-line amortization.
mitch is in the 28 tax bracket. he may receive a different tax benefit for a 2000 expenditure that is classified as a
Prepare the stockholders' equity section for Amado Co. at Dec. 31, 2008
lackawanna products management wishes to purchase goods in one month for sale in the next on jan 31 the company haas
If the accounts receivable balance at December 31 was $222000 what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017
batista company management wants to maintain a minimum monthly cash balance of 20700. at the beginning of april the
hal-marts inc. has two sales departments equipment andclothing. during february these two departments reported the
Circle Corporation makes a product that sells for $400 per unit. The variable costs to make this product are $220 per unit. Fixed costs total $750,000 for the year. Circle currently sells 5,000 units each year.
Stacy Ann Lynn, the great grand-daughter of the company's founder is the current CEO/President of the company, which is still a family owned business.
a total of 29 units were started and 4 spoiled units were detected and rejected at final inspection yielding 25 good
The return an investor earns on a bond over a period of time is known as the holding period return, defined as interest income plus or minus the change in the bond's price, all , all divided by the beginning bond price.
What are the ethical issues concerning Frost's practice of changing the useful lives of fixed assets?
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