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Problem 1: Kagan Corporation was organized on January 2, 2014. During 2014, Kagan issued 40,000 shares at $24 per share, purchased 6,000 shares of treasury stock at $26 per share, and had net income of $600,000. What is the total amount of stockholders' equity at December 31, 2014? ( Show workings)
Problem 2: Victory Corporation sold 400 shares of treasury stock for $45 per share. The cost for the shares was $35. Journalize the sale transaction.
What are the nine content areas located in the FASB Codification System? What types of items are located under each content area?
in the month of june angelas beauty salon gave 3500 haircuts shampoos and permanents at an average price of 30. during
The cost of common equity (in the form of retained earnings) is 14 %. Assume that corporate tax rate is 30%, what is the weighted average cost of capital for?
Demonstrate an understanding of accounting principles and systematically record the financial aspects of business transactions - Report the results and position of business to "Users" of financial statements.
A company expected its annual overhead costs to be $ 600000 and direct labor costs to be $ 1000000. Actual overhead was $ 580000 and actual labor costs totaled $ 1100000. how much is the company's predetermined overhead rate to the nearest rent?
On December 30, 2018 Frank Ltd. declared a dividend sufficient to pay $2 per share to all common shareholders. Prepare Frank entries to record the transactions
Bush Company budgeted that it would incur $176,000 of manufacturing overhead costs in the upcoming period. What was the company's net income for the period
Suppose Hopewell Corporation had the following cash flow results for 2016: What is the Net Cash Flow
The asset is depreciated using the double-declining-balance method. Calculate the asset's the book value on December 31, Year 2
Based on the preceding information, under the acquisition method, what amount relating to the business combination would be expensed?
Calculate the debt to equity ratio. Round your answer to two digits. Accounts payable $ 12800. Deferred revenue (all current) $ 4000
Determine the following for Hardin Company for the month of July: Manufacturing margin and Income from operations
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