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Rodriguez corporation issues 19000 shares of its common stock for $152,000 cash on february 20. prepare journal entries to record this event under each of the following separate situations 1. the stock has a @dollar value 2. the stock has neither par nor stated value. 3. the stock has a $5 stated value
Shonen Knife Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 11% and has a carrying value of $16,000. At year-end, Shonen Knife's borrowing rate has declined; the fair ..
declared semiannual dividends of 1.40 on 35000 shares of preferred stock and 0.09 on the common stock to stockholders
Which one of the following does not appear on the balance sheet of a manufacturing company?
Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $250,000 and will yield the following expected cash flows.
Depreciation is recorded on a straight-line basis at end of each fiscal year. The useful life of equipment is five years.
The gift shop uses an online e-cash processing company, which deposits cash receipts to the gift shop's bank account automatically. What strategies should the gift shop implement to ensure proper accounting for cash receipts generate from online s..
sterling products a manufacturer of aircraft landing gear makes 1000 units each year of a special valve used in
selected information from a finanacial statement for two years. compute the percentage change from 2006 to 2007 when
Hanson Company uses a periodic inventory system. For 2012, its beginning inventory was $74,000; purchases of inventory were $328,000; and inventory at the end of the period was $89,000. What was the amount of Hanson's cost of goods sold for 2012?
Prepare a schedule analyzing the changes in each of the plant asset accounts during 2011. this schedule should include columns for beginning balance, increase, decrease and ending balance for each of the plant asset accounts.
according to a summary of the payroll of apline publishing co. 460000 was subject to the 7.5 fica tax. also 39000 was
In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $35,000. The machine will have a 12-year useful life and no salvage value.
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