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Borner Communications' articles of incorporation authorized the issuance of 130 million common shares. The transactions described below effected changes in Borner's outstanding shares. Prior to the transactions, Borner's shareholders' equity included the following:
Required:
Assuming that Borner Communications retires shares it reacquires (restores their status to that of authorized but unissued shares), record the appropriate journal entry for each of the following transactions:
1. On January 7, 2011, Borner reacquired 2 million shares at $5.00 per share.2. On August 23, 2011, Borner reacquired 4 million shares at $3.50 per share.3. On July 25, 2012, Borner sold 3 million common shares at $6 per share.
an investor took out a loan of 150000 at 8 compounded quarterly to be repaid over 10 years with quarterly payments of
question 21 figure 4-1. foster company makes power tools. the budgeted sales are 420000 budgeted variable costs are
Beck Manufacturing and Plant Capacity. Read the "Beck Manufacturing" case study in Chapter 8 of your text. Answer questions one through three in a two- to- four page paper in accordance with APA guidelines as outlined in the Ashford Writing Center..
An accounting intern for a local CPA firm was reviewing the financial statements of a client in the electronics industry. The intern noticed that the client used the FIFO method of determining ending inventory and cost of goods sold.
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What is the amount of net cash flow from operating activities for 2014?
The following is selected financial information for TLC Company as of December 31, 2013.
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Determine the effect of the overhaul on cash flow from operating activities for 2013 and 2014 if the cost were recognized as maintenance expense.
In this discussion, we will try to imagine what it was like to discuss and work with numeric information before symbolic algebra was developed.
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