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The following equity balances were reported for HariMahesh Inc. on December 31, 1999:
Common shares, 60,000 shares issued $1,480,000
Retained earnings 225 600
Total equity $ 1 705 600
Required:
Question a. Prepare the journal entries required for the above transactions.
Question b. What is the total number of common shares issued and outstanding at December 31, 2000? (Show your calculations)
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Calculate the amount of goodwill that will appear in the consolidated financial statements prepared immediately after the acquisition by Popeye Inc
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On january 1,2017 the stockholders equity section of newline corporation shows common stock ($5 par value ) $1,500,000 paid in capital in excess of par $1,000,000 and retained earnings $1,200,000 During the year the following treasury stock transacti..
Hermann Enterprises reported the following information at December 31: Preferred Stock, $5 par, 10,000 shares authorized $35,500 Additional paid-in capital – preferred stock 9,900 Common stock, $1par, 6,000 shares authorized 3,600 Additional paid-in ..
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