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1.On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $ 36,000 cash. On November 4, Zirbal reissued 850 shares of this treasury stock for $ 8,500. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock.
if the margin of safety for lankau company was 25 fixed costs were 2325000 and variable costs were 60 of sales what was
the following transactions occurred last year at jowlson companyissuance of shares of the companys own common
FOB destination, that will be received by Hastings on January 3. Determine the correct amount of inventory that Hastings should report.
the following information was taken from the accounting records of palmetto company for the month of januarybalance per
you are the senior accountant for a company that has determined the useful life of a machine costing 100000 will be 7
the following information is used for luckys inc.s monthly master budget. junes balance sheet
Shepherd Cycles sells a variety of bicycles. The business which uses the FIFO method, began the last quarter of 2013 (October 1 to December 31) with 20 "Iron Man 2" bicycles at a total cost of $122,000. During the quarter, the company complete..
ABC Company is adding a new product line that will require an investment of $1500000. The product line is estimated to generate cash inflows of $300,000 the first year, $250000 the second year, and $200,000 each year thereafter for ten more years...
When auditing inventories of raw materials, purchased parts, and/or merchandise inventory, the auditor's most effective means for evaluating the valuation assertion is to
Prepare the journal entries on the books of preston company to record the purchase of the assets and assumption of the liabilities of saville company if the amount paid was $1,560,000 in cash.
aaa lock manufacturing co. makes and sells several models of locks. the cost records for the zforce lock show that
1. what effect does lowering the estimate for doubtful accounts have on the income statement and balance sheet?2. do
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