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Problem - Blue Corporation issues 200 "packages" of securities for $80 per package, or a total of $16,000. Each package includes 4 shares of $5 par common stock and one share of $30 par preferred stock. If the separate market values are $20 per share for the common stock and $70 per share for the preferred stock, what journal entry will Blue make to record this transaction?
Jaguar Ltd purchased a machine on 1 July 2016 at the cost of $640,000. Determine the deferred tax liability and/or deferred tax asset that will result
Determine the amount of underapplied or overapplied manufacturing overhead fort he period
Salman Buy maximum number of Arif Habib odd lot share on margin. He paid Rs. 7200 in cash, Calculate the return from buying the stock on margin.
On November 10 of the current year, Flores Mills sold carpet to a customer for $8,700 with credit terms 3/10, n/30. What is the correct entry for Flores
prepare the necessary adjusting journal entries for items a through h. assume that adjusting entries are made only at
Expand on how you check the payroll and authorise salaries and wages for payment in accordance with organisational policy and procedures.
Explain which type of control auditors would focus on while evaluating a company's effectiveness of controls and why? Briefly describe IT general controls
Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Compute the estimated inventory at May 31
altertech inc. manufactures a product which contains a circuit board. the company has always purchased this circuit
The manager of Department Y is responsible for operation of the call center where customers order products from the corporation
Red Fish Corporation shipped $20,000 of merchandise on consignment to Blue Fish Corporation. Prepare Red Fishs journal entry when cash is received
Explain analysis of the ethical concerns raised by the situation. Apply at least two different ethical theories to the situation to support at least two different outcomes.
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