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On January 1, 2014, Dr. Beth Hill started a new professional corporation, Beth Hill, P.C., to practice medicine with an initial investment of $100,000 in exchange for 20,000 shares of $2 par value common stock. On June 30, 2014, the accounting records showed the following amounts:
Accounts Payable
$2,000
Accounts Receivable
$6,200
Cash
$48,100
Common stock
$ ?
Additional paid-in capital
Office Equipment
$60,000
Office Supplies
$3,500
Retained Earnings
$5,800
Notes Payable
$10,000
Requirement: 1. Calculate the amounts for common stock and additional paid-in capital. 2. Prepare a balance sheet as of June 30, 2014.
Prepare a schedule showing the intangible section of Lewis's balance sheet at December 31, 2011. Show supporting computations in good form.
What would be the following the RNOA of the subsequent company?
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XYZ Corp pays for merchandise entirely on credit as follows: 60% in the current month, 35% in the month following, and 5% in the second month following. Assume January purchases are $65,000. How much of the January purchases are paid for in January?
Which of these should be included in the initial project cash flow related to net working capital and What amount should be used as the initial cash flow for this building project
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From the data given compute the Margin of Safety - Determine the margin of safety in terms of dollars
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How many pairs of stockings must be sold to break even? What does this represent in total dollar sales?
Kinkos wrote off $10,650 of receivables as bad debts during 1999. What amount of bad debt expense was recognized for the year 1999?
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