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Hartman Inc. Issues 500 shares of $ 10 at the par value common stock and 100 shares of $ 100 par value preferred stock for lump sum of $ 100,000.
a. Prepare the journal entry for the issuance when the market price of the common shares is $168 each and market price of the preferred is 210 each. (Round to nearest dollar.)
b. Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $ 170 per share.
Kim is measuring her retirement plan. Assume she has $500,000 when she retires in an account that earns at an effective annual rate of 9%.
Find out the amount of Milt's income which is subject to income tax by each state. Make sure to compute the full taxable income and show all computations.
The income from the business before the cost recovery deduction and the 179 deduction was 810k. She takes additional first year depreciation. Determine the cost recovery deduction with respect to the asset for 2013.
A. Low Carb Diet Supplement, Inc. has two divisions. Division A has a profit of $100,000 on sales of $2,000,000. Division B is only able to make $25,000 on sales of $300,000. Based on the profit margins (returns on sales), which division is superior?
Accounting for Extractive Industries Production commences in Site One
Internal users of accounting information include: Of the following accounts, the one which normally has the credit balance is:
Godert pharmaceutical company has many scientists working in the labs trying to develop anti-aging drug. The cost of this research and development should be.
Obtain a detailed report which is based on an intensive investigation of the financial position of sales department, production department and research and development department.
The new machine will cut operating costs by $10,000 each year for the next five years. Taylor's cost of capital is 8 percent. Should the firm replace the asset? (Use NPV methodology to solve this problem)
How would we find out the cost of normal spoilage so that we can record it in general ledger? How would we fin out the cost of normal spoilage so that we can record it in general ledger
You are auditing Diverse Carbon, a manufacturer of nerve gas for the military-The company’s legal counsel indicates that the company is liable, but the company does not want to disclose this information in the financial statements.
How could the foreign competitors profitably sell a similar product for less than manufacturing costs to Houston Electronic?
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