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Assume the a corporation has the following balances before the stock issuance indicated below.
Stockholders Equity
Before Transaction
Common stock, 30,000 shares authorized, 2,200 shares issued, 1,980shares outstanding, $10 par value. $22,000
Contributed capital in excess of par value, Common Stock $110,000
The corporation issues 170 additional shares of common stock for $120 per share.
1. How much cash did the corporation receive? _______________
2. What is the balance in "Contributed capital in excess of par, Common Stock " account AFTER this transaction has been recorded? _______________
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What is the effective six-month interest for 8.9% APR compounded daily?A. 4.54%B. 4.5%C. 9%D. 9.08%
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With reference to the above statementdescribewhat you understand by the term asset and how they are measured. Discuss assets and the problem of additively in the context of the present IASB framework.
memofax inc. produces memory enhancement kits for fax machines. sales have been very erratic with some months showing a
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