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Black Diamond Inc. issues 2,500 shares o 1 par value common stock and 1,000 shares of $50 par value preferred stock for a lump sum of 275,000.
Instructions
(a) Prepare the journal entry for the issuance when the market value of the common shares is $95 each and market value of the preferred is $60 each.
(b) Prepare the journal entry for the issuance when only the market value of the common stock is known and it is $90 per share.
Rising Framing's cost formula for its supplies cost is $2,210 per month plus $10 per frame. For the month of January, the company planned for activity of 710 frames, but the actual level of activity was 705 frames. The actual supplies cost for the..
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The Pension Trust Fund maintained by the City of Linden had the following transactions during 2012. Record each transaction in the Pension Trust Fund. Ignore any other funds that may be involved in a transaction.
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If Alice decides to buy the investment, she would receive the first $250 payment one year from today. How much should Alice be willing to pay for this investment?
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