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Question - What are the journal entry on this problem. On April 1 Blue sea corporation share holders equity section showed the following:
Share capital, 10 par, 50,000 shares authorized, 25,000 issued 250,000
Share premium 375,000
Retained earnings 450,000
Treasury stock (8,000 shares at cost) (90,000)
Total 985,000
You purchased a new car that costs 10,000. You signed a six month 20% installment note payable for the cost of the car. The car has an estimated useful life of 3 years the residual salvage value is 200. Write a journal entry.
Calculate the amortization expenses in the cases and pass the journal entries as per IAS 38. An IT program was purchased for Rs. 110,000 on credit
Create the Statement of Cash Flow for PHIZER Sdn. Bhd. for the year ended 31 December 2020 using Direct Method. Receipt from business contracts 39,860
What is the denominator of Basic EPS for the year? During the year, the company declared and paid the standard dividend on the preferred stock.
If he can pay $125 each month and the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt
Big Corp is planning to fully acquire Small Corp. Big Corp currently has 10 million shares. Calculate the new share price of Big Corp after the acquisition.
According to the residual dividend model, what would a company do if its net income is less than its financing needs for planned projects?
Calculate depreciation and CCA . Calculate the depreciation expense/CCA (to the nearest dollar) by each of the Straight-line for 2017
Determine What general entries can be recorded for all transaction? Bought a truck costing $50,000, making a down payment of $7,000.
The income tax rate for that year was 26%. Bodily had an unused $110,000 net operating loss carryforward from 2009 when the tax rate was 33%. Bodily's income tax payable for 2011 would be?
A-Corp owns 100% of B-Corp and C-Corp. A-Corp sells its C-Corp stock to D-Corp during 2014. All letters refer to domestic corporations that own one class of stock and are includable. -Does A-Corp's sale of it's C-Corp stock end the affiliated group? ..
What is the product's contribution margin? What is the product's CM ratio? What is the margin of safety in dollars and units for Crestline Pipe?
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