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Inkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations.
Please show work:
a.How many shares of common stock are outstanding at year-end?
b.What is the amount of minimum legal capital (based on par value) at year-end?
c.What is the total paid-in capital at year-end?
d. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $782,000?
On October 1, 2011, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services, computer system installations, and custom program development. Rey adopts the calenda..
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The fixed manufacturing overhead variance caused by actual activity being different from the estimated activity used in calculating the predetermined overhead application rate is called the:
Write a memo to your partner, citing the relevant tax authority, to explain how much of the $85,000 loss Mike can deduct on his tax return.
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