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My mother owned 808 shares of gm stock that she had accumulated over many years being a gm employee. Now that the company went bankrupt we would like to claim a loss on the stock but dont have any record of what she paid over the years. Were can i get this info?
How much total cash did Markus raise through the January 15, 2011, stock issuance? How are these journal entries recorded?
Old Alabama Company purchased investments for $45,000 and plant assets for $127,000 during the current year, during which it also sold plant assets for $66,000, at a gain of $6,000. The company also purchased treasury stock for $78,000 and sold a ..
The present value of $100,000 to be received in five years at an interest rate of 16% compounded annually, is $47,610. Calculate the present value of $100,000 for each of the following:
Upstate Water Company just sold a bond with 50 warrants attached. The bonds have a 20-year maturity and an annual coupon of 12%, and they were issued at their $1,000 par value. The current yield on similar straight bonds is 15%. What is the implie..
Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas on November 17, 2013. The units have a list price of $500 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/10, n/30. Thomas uses a periodic in..
Is the WACC an average concept or a marginal concept in your opinion? Should we use the historical WACC or the marginal WACC as the appropriate rate to use in capital budgeting analyses?
Assume that the lessor retains title to the machine at the expiration of the lease, that there is no bargain renewal or purchase option, and that the fair value of the equipment is $1,420,000 as of the lease date. Using the criteria for distinguis..
Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period.
Record the transactions on page 8 of a general journal. You can Omit descriptions. You can use any General Journal template or the one attached.
Amy, Beth, and Meg each own 100 of the 300 outstanding shares of Theta Corporation stock. Amy wants to sell her shares, which have a $40,000 basis and a $100,000 FMV. Either Beth and/or Meg can purchase Amy's shares (50 shares each) or Theta can r..
What is the difference between linear and nonlinear cost function? Give an example of each type of cost function?
In which of the following situations is the taxpayer not allowed a deduction for moving expenses?
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