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Lets say you buy a company for $100000 with cash. (sole trader)
Cash will be credited 125,000.
Question 1: What is the accounting treatment for the company you've purchased? if the company an asset? or an expense?
The Red Bud Co. pays a constant dividend of $2.50 a share. The company announced today that it will continue to do this for another 2 years after which time they will discontinue paying dividends permanently. What is one share of this stock worth tod..
Ross’s Lipstick Company’s long-term debt agreements make certain demands on the business. For example, Ross may not purchase treasury stock in excess of the balance of retained earnings. What effect will reclassifying the investments have on the curr..
In an equipment acquisition proposal, MKBK Enterprises has worked out to deal on the interest rate with the vendor. The equipment is being financed for 10 years with monthly payments. The deal with the vendor worked out is as below. Determine the mon..
Prepare the adjusting entry needed for Business Solutions to recognize bad debts expense, which are estimated to be 1 percent of total revenues
Calculate Cost of goods sold, Gross profit, Total expenses, Net profit and Average inventory at cost, assuming that sales are distributed evenly over the year, and that each month is of the same length.
direct materials budget for the seasoning.one quarter gram of a rare seasoning is required for each bottle of dipping
BAFN200: Principles of Finance - Australian Catholic University - Peter Faber Business School - Describe the economic and industry environment for the industry
Write a 3-5 page essay about the ethical implications of insider trading. Financial statements and information are very important to investors. If some of this information is used or shared before it is released to the public, this could cause substa..
What is the new equilibrium price level and level or real output? I need answers with charts
Decisions management must make in accounting for inventory cost include
Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis - determine the amount of Sedato Company inventory.
Affordable Trailer Rental rents small trailers by the day for local moving jobs. From the information given, record closing entries in journal form. If closing entries were not prepared at the end of the accounting period, what problems would result ..
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