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The following transactions were made by Waite Company. Assume all investments are short-term and are readily marketable.
June 2 Purchased 400 shares of Dolen Corporation common stock for $45 per share.
July 1 Purchased 200 Oslo Corporation bonds for $220,000.
30 Received a cash dividend of $2 per share from Dolen Corporation.
Sept.15 Sold 120 shares of Dolen Corporation stock for $50 per share.
Dec. 31 Received semiannual interest check for $11,000 from Oslo Corporation.
31 Received a cash dividend of $2 per share from Dolen Corporation
Journalize the transactions.
How do you describe the continued existence of counter trade? Under what scenarios may its popularity increase still further by the year 2015?
Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. Show the year-end balance sheet presentation for accounts receivable.
Yuli Copters is known to be aggressive in ignoring intellectual property claims. Imagine they just go ahead with the project as stated above. (In other words, they decide not to pay for the license.)
As Jonah wades through huge piles of the inventory and questions the team on operations, he quickly identifies the problem. Which of the implemented methods above does Jonah contribute to stacks of inventory?
Edison Company manufactures wool blankets and accounts for production costs using process costing. The following information is available regarding its May inventories.
CAPM and Venture Capital
Write a report on Internal Controls
Green Systems sold and delivered modems to the Blue Computers for $660,000 to be paid by Blue in 3 equal instalments over the next 3 months. The journal entry made by the Blue Computers to record the last of 3 instalment payments will include:
Daniel figures that he has loss of $60,000 on each stock. If Daniel's marginal tax rate is 35 percent and he has $120,000 of other capital gains (taxed at 15 percent), what is tax savings from the special tax treatment?
Compare and contrast how production analysis is performed and capable to evaluate production situations using economy of scale, elasticity and other analytic tools.
Determine the accounting principles (GAAP) the foreign and domestic companies use to prepare financial statements.
Post Inc, had a receivable from a foregn customer that is payable in customer's loca currency. On Dec 31, 2009, Post correctly included this receivable for 200,000 local currency units
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