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Aloha Corporation issues 5,000 shares of its common stock for $84,200 cash on February 20.
1. Assume the stock has neither par nor stated value. Prepare journal entries to record this event
2. Assume the stock has a $14 par value. Prepare journal entries to record this event
3. Assume the stock has an $7.0 stated value. Prepare journal entries to record this event.
holiday card company a producer of specialty cards has asked you to complete several calculationsincome tax rate
Slip Systems had no short term investments prior to 2013. It had the following transactions involving short term investments in available for sale securities during 2013.
In auditing a privately held entity, an auditor must follow the professional standards established by all of the following except:
a department had 17500 units that were 25 complete in beginning goods in process inventory. during the current period
please select 4 companies and summarize the similarities and differences in reporting the financial performance and the
the budget for may called for production of 9000 units. actual output for the month was 8500 units with total direct
On December 31, 2010, the Robey Company accumulated the following information for 2010 in regard to its defined benefit pension plan:Service cost ................. $105,000Interest cost on projected benefit obligation ..... 12,000Expected return on p..
Describe a business situation where you have had to explain a complex problem or solution to a client or colleague. Describe the situation, your approach, and the outcome:
acme co. is considering two options for acquiring a new companycar. details on the two options areoption 1. lease the
per unit percent of sales selling price 170 100 variable expenses 85 50 contribution margin 85 50 the company is
margo receives a gift of real estate with an adjusted basis of 175000.00 and a fair market value of 100000.00. the
1 your accounting supervisor has instructed you to verify the accuracy of the day s bank credit card sales and then
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