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On july 12, lasting carpet inc., a carpet wholesaler, issued cash for 300,000 shares of no-par common stock ( with stated value of $4) at $9 , and on Nov. 18, it issued cash for 40,000 shares of $90 par preferred stock at $100
a. jurnalize the entires for july 12 and November 18, assuming that the common stock is to be continued with the stated value
b. what is the total amount invested ( total paid-in capital) by all stock holders as of November 18 ?
Journalize the assignment of overhead to the Assembly and Finishing Departments. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
Beginning and ending work in process for 2009 are $8,000 and $10,000 respectively. How much is cost of goods sold for the year?
what is the npv of a project that costs 100000 and returns 50000 annually for three years if the opportunity cost of
What conclusions can be drawn from these analyses regarding The Limited's efficiency in collecting receivables?
Messier Inc. manufactures cycling equipment. Recently the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. Explain Computation of Bond Liability
hitech products manufactures three types of remote-control devices economy standard and deluxe. the company which uses
Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31.
quality supplier inc accepts cash or credit card payment from customer. during june quality provided 170000 worth of
last year sales were 140000 net operating income was 65000 and average operating assets were 300000. if sales next
Cruz Company uses LIFO for inventory costing and reports following financial data. It as well recomputed inventory and cost of goods sold using FIFO for comparison purposes.
Answer the following questions based on Scottsdale, AZ CAFR year ending June 30, 2012.
Wenger Company reported income before taxes of $600,000 and an extraordinary loss of $150,000. Assume that the company's tax rate is 30%. What amounts will be reported on the income statement for income before irregular items and extraordinary ite..
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