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Question - Dr Spaceman Inc. signed a binding purchase agreement on December 1st 2021 to purchase 60 barrels of oil for $30 per barrel on March June 30th 2022. On December 31st 2021, the price per barrel is $25. What liability related to this purchase obligation, if any, does Spaceman record on December 31st 2021? Enter a positive number for a debit, zero if no journal entry is made, and a negative number if the liability has a credit balance.
a company has 3250 shares of 1 par value common stock and 300 shares of 5 110 par noncumulative preferred stock
The bond pays $50 coupons quarterly and expires in one year. If the risk free rate of return is 2% compounded monthly, determine the present value of the bond
During 2014, Nielsen company started a construction job with a contract price of 1 million six hundred and $3,000. The job was completed in 2016.
Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale
Prepare the entries necessary on the date of declaration, date of record, and date of payment for the cash dividend
Record depreciation using a 5-year life on the equipment, the straight-line method, and no salvage value
Ms. Blake is a recovery of the original investment, what assumption must the bank make to earn its desired 8 percent compounded annual return
Raptor Fuels produces three grades of gasoline
$104000; deferred income taxes, $126000 and retained earnings, $455000. What total amount should Carla Vista Co. report as stockholders' equity?
What information is provided by a statement? What are the steps to create the statement? Which method would you use, direct or indirect? Why
victor sold his personal residence to colleen and paid real estate taxes of 9450 for the year 3250 of which was
Compute earnings per share data as it should appear on the income statement of Sosa SA.he equity section of Sosa SA appears below as of December 31, 2019.
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