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Sudoku Company issues 19,000 shares of $10 par value common stock in exchange for land and a building. The land is valued at $231,000 and the building at $368,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.
Record the issue of 19,000 shares of $10 par value common stock in exchange for land valued at $231,000 and a building valued at $368,000
What is the suitable amount that Bluey Ltd should identify for the leased aircraft on its statement of financial position as on 1st July 2010. State the reasons for your conclusion.
questionsound audio sells audio equipment for automobiles. engineers notified management in december 2013 of a circuit
Compute the current break-even sales (units). Compute anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant.
Your preliminary assessment of control risk over cash disbursements is low. You base this assessment on the requirements that each cash disbursement be supported by a purchase requisition, a properly approved purchase order, an approved vender list, ..
BondsRus, Inc issued 10 year semi-annual bonds on January 1, 2014 at 103 with a face amount of $400,000 and a coupon rate of 7%. They use the straight-line method to calculate interest expens. Prepare the journal entry for the bond issuance by BondsR..
Compute the cost of goods sold under the situations Periodic system, FIFO cost flow and perpetual system, FIFO cost flow
In 2009, two small retail customers filed separate suits against the company alleging misrepresentation, breach of contract, conspiracy to violate federal laws, and state antitrust violations arising out of their purchase of retail grocery stores thr..
If the company borrows money at 12% to pay for the purchase on the last day of the discount period and pays the loan off on the last day of the credit period, what would be the net savings for the company?
inventory errors the net income per books of adamson company was determined without knowledge of the errors indicated
The following inventory note appears in General Electric’s 2011 annual report. General Electric Company Edited Inventory Note 2011 2010 (millions of dollars) Raw materials and work in process $ 4,894 $ 4,708 Finished goods 4,379 3,951 Unbilled shipme..
If the direct materials is 24,000 the direct labor is 18,000 and the applied overhead is 6,300 and total cost is 48,300 what is the cost transferred to finished goods?
Prepare the November Bank Reconciliation for the Avisa Company - Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company's books.
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