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Question - Blueberry Inc. has 50,000 shares of common stock outstanding which were issued for total proceeds of $450,000. On November 30, 2019, a creditor holding debt with a carrying value of $100,000 agrees to take 10,000 newly issued common shares in order to settle the debt obligation. At the time of this exchange, the shares are trading for $11.25 per share. Mr. Blue owns 2,000 shares in Blueberry Inc, which he purchased on the market for $10 on January 15, 2019. Required: What is the amount of the deemed dividend to Mr. Blue? Show the calculations of (a) the deemed dividend per share and (b) the deemed dividend amount for Mr. Blue's holding.
Mark hopes to earn a return of 10 percent on such investments. What is the present value of the retreading operation? Should Mark purchase the retreading machine?
As of February 1, actual overhead was underapplied by $500,000. Determine the cumulative amount of any overapplied or underapplied overhead at the end of February.
An increase in the activity level within the relevant range results in:
How do you determine adjustments on balance sheet and income statement
Club Co. appropriately uses the equity method to account for its investment in Chip Corp. As of the end of 2008, Chip's common stock had suffered a significant decline in fair value, which is expected to be recovered over the next several months. ..
on january 1 2010 jacob issues 800000 of 9 13-year bonds at a price of 96 12. six years later on january 1 2016 jacob
Nicole, Inc. uses IFRS for its external financial reporting. During 2011, an employee of the company was injured in the factory. Discussions with corporate attorneys resulted in a determinatin that the company would be required to pay between $1,5..
what are the assumptions that underlie CVP analysis?
Compute the manufacturing overhead rate for the year, Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used.
In Newsprint's 20X8 consolidated income statement, what amount should be included as foreign exchange loss in computing net income
Prepare a detailed schedule to show the ending balances in Work-In-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold
on december 31 2008 tie one on reported net income for the year of 265000 and the following account balances cash
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