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Crossroads Mall had 100,000 outstanding shares of common stock. On June 16, 2012, Crossroads repurchased 20,000 shares of its own stock at $30 per share. On July 23, 2012, Crossroads resold 10,000 shares at $28 per share. What net effect did the repurchase and the resell of common stock have on the accounting equation?
(a) Prepare the journal entry to record the previous transaction, under the following conditions.
a. Determine the budgeted factory overhead rate based on direct labor-hours. b. What is the applied overhead based on direct labor-hours? c. Is overhead overapplied or underapplied and by how much?
miscellaneous other receipts $38. When counted, there was $25 of cash remaining in the petty cash fund. Journalize the entries for June.
autumn cove inc. has 2010 in the december 1 balance of the accounts receivable account consisting of 880 from the
what is the revenue recognition principle? what is the expense recognition principle? why are they important to
Prepare the entries, if any, on each of the three dividend dates and how are dividends and dividends payable reported in the financial statements prepared at December 31?
Under the acquisition method, if the fair values of identifiable net assets exceed the value implied by the purchase Pratt of the acquired company, the excess should be:
During the past year, a company completed the following transactions related to the acquisition of property and the construction thereon of a new factory:
In the current year, Hanna Company reported warranty expense of $196,000 and the warranty liability account increase $13,000. What were warranty expenditures during the year?
What is the carrying value of the outstanding Carlin Corporation 5-year bonds on January 1, 2011? (Assume straight-line amortization.)
Research the economies and monetary policies of two countries.
henrys hoodies produces a variety of sweatshirts for college students. henrys produces sweatshirts in batches and
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