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Question - A company issues 10,000 shares of no par stock for cash of $ 500,000. What account and amount would be debited?
A) Cash par 500,000
B) Paid in capital in excess of par common 500,000
C) Common stock no par 500,000
D) None
Valuation Using Price-Earnings Multiples - Compute the value of a share of Claremont Company stock using the price-earnings multiples method
Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of merchandise sold for each sale and the inventory balance after each sale.
the manufacturer of a product that has a variable cost of 2.50 perunit and total fixed cost of 125000 wants to
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Clovelly Ltd, owns 25% of Bronte Ltd. Find the Clovelly's share of Bronte's profit for the year ended 30 June 20X3
Of the remaining 80% (the credit sales), 60% are collected in the month of sale, with remaining 40% collected in the following month. What is the total cash collected (both from accounts receivable and for cash sales) in the month of January?
Thestockholders' equity section of Kay Corporation at the end of thecurrent year showed. Calculate the average price per share for which the common stock was issued.
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On December 1, Bonata collects the remaining 57% and issues the shares. Prepare the company's journal entries
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