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Abernathy Co authorized to issue 10,000 shares of 8% - $50 par value preferred stock and 500,000 shares of no par value common stock with a stated value of $2 per share. Journalize the following transactions:
Jan10. Issued 80,000 shares of common stock for cash at $5 per share
Apr 1. Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $80,000
Aug 1. Issued 10,000 shares of common stock to attorneys in payment of their bill of$50,000 for services rendered in helping the company organize
Nov 1. Issued 1,000 shares of preffered stock for cash at $112 per share
The individual stores in the Mark Goodwin convenience chain prepare two copies of goods requisition form (GRF) when they need to order merchandise from the central warehouse.
why is the budget a far more important document for both government and not-for- profits than for
livingstoncorporation recently implemented a standard cost system. the companys cost accountant has provided the
The out-of-pocket expenses incurred by Security Brokers in the design and distribution of the issue were $300,000. What profit or loss would Security Brokers incur if the issue were sold to the public at an average price of:
on october 1 robertson company sold merchandise in the amount of 5800 to alberts with credit terms of 210 n30. the cost
Suppose the rate of return on a 10-year T-bond is 6.85%, the expected average rate of inflation over the next 10 years is 2.0%, the MRP on a 10-year T-bond is 0.9%, no MRP is required on a TIPS, and no liquidity premium is required on any Treasury..
What are some of the differences between variable and full costing? What impact do these differences have on income?
The bonds are sold on november 1, 2011 at 13 plus accrued interest. amortization was recorded when interest was received by the straight-line method. prepare all entries required to properly record the sale.
what is the purpose of using regression analysis? how may it be used to formulate strategies? provide examples
sanchez corporation uses the weighted-average method in its process costing system. the fitting department is the
A change from sum-of-the-years-digits to straight-line is what kind of situation? How do you know?
Sierra has medical staff in residence. Disregarding the 7.5% floor, how much, if any, of these expenses qualify for a medical deduction by Joanne?
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