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To expand operations, Aragon Consulting issued 1,000 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share. Analyze the accounting equation effects and record the journal entry for the stock issuance. Would your answer be different if the par value were $2 per share? If so, analyze the accounting equation effects and record the journal for the stock issuance with a par value of $2.
which of the following is a major accounting contribution to the managerial decision-making process in evaluating
in each of the following independent situations involving transfers of tangible property determine which transfer
Discuss the probable justification for each of the following aspects of the tax law
The interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of common from retained earnings is 11.25%, and the tax rate is 40%. The firm will not be issuing any new common stock. What is Quigley's WACC? show your calcula..
Emmy would like to organize PRK as a C corporation with herself as sole shareholder. Emmy expects PRK to generate $15,000 annual income before paying Emmy's salary. Individual ordinary rates are 25 percent, corporate rates are 15 percent, and individ..
1. what are the low risk auditing ares for the home depots 2. If management of the Home Depot faced tremendous pressure regarding the entity's financial performance, what opportunities might exist for them to engage in fraudulent financial reporti..
At what amount should the equipment (net of depreciation) be included on the consolidated balance sheet dated December 31, 2009?
What are some of the potential problems that may be encountered in changing from a budget to a cost estimation movie making system?
a.prepare a multiple-step income statement for the year ended december 31 2014 concluding with earnings per share. in
The following is a partial list of account balances for Coen, Inc. as of December 31, 2010
the brisbane manufacturing company produces a single model of a cd player. each player is sold for 210 with a resulting
Explain what is meant by "Rate of Return." Why does a business owner need to understand rate of return. Your client has told you that he only cares about cash flow. As long as he can pay his bills and take out some capital form the business, he do..
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