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The following transactions occurred during July:
1. Received $930 cash for services provided to a customer during July.
2. Received $2,600 cash investment from Bob Johnson, the stockholder of the business
3. Received $780 from a customer in partial payment of his account receivable which arose from sales in June.
4. Provided services to a customer on credit, $405.
5. Borrowed $6,300 from the bank by signing a promissory note.
6. Received $1,280 cash from a customer for services to be rendered next year. What was the amount of revenue for July?
the objective of the course project is to examine the financial statements of a publicly traded company.get an annual
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How does the use of ratios and percentages help us to significantly enhance our understanding of financial statements more so than just looking at the raw numbers? In particular think of comparing companies of dissimilar size.
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Dividends declared and paid during 2014 totaled $5,700.
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Teri transferred land worth $200,000 (basis of $40,000) to Angle Corporation, an existing entity, for 300 shares of its stock. Angle Corporation has two other shareholders, Stuart and Carl, each of whom holds 50 shares. Which of the following happens..
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