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Assume the a corporation has the following balances before the stock issuance indicated below.
Stockholders Equity
Before Transaction
Common stock, 30,000 shares authorized, 2,200 shares issued, 1,980shares outstanding, $10 par value. $22,000
Contributed capital in excess of par value, Common Stock $110,000
The corporation issues 170 additional shares of common stock for $120 per share.
1. How much cash did the corporation receive? _______________
2. What is the balance in "Contributed capital in excess of par, Common Stock " account AFTER this transaction has been recorded? _______________
The $32,800 beginning inventory in the Blending Department consisted of the following elements: materials, 8,000, direct labor, $4,000, and overhead applied, $20,800.
Accounts of Pioneer Heating Corporation at the end of the first year of operations showed the following balances. In addition, prepaid operating expenses are 4000, and accrued sales commissions payable are $5900. Investment revenue receivable is ..
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At the purchase date, the excess of Wallace's cost over its proportionate share of Goldman's book value was assigned to goodwill. On December 31, 2010, what is the Investment in Goldman Company balance (equity method) in Wallace's financial record..
at the beginning of the period the assembly department budgeted direct labor of 166500 and property tax of 12000 for
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