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On January 2, 2017, the first year of operations, Alpha Corp. issued $15,000 shares of $10 par value common stock for $15 per share. On July 1, 2017, Alpha Corp, 1,000 of these shares were reacquired for $20 each. On September 1, 2017 Alpha Corp. reissued 500 shares of its treasury stock for $22 per share. No other stock transaction to determine the dollar amounts that Alpha will report on its fiscal year 2017 Balance Sheet.
computation of cash flow from financing activities using given data.given the following financial statements for acme
Discuss three recommendations to improve the problem related to labor at Fargo Publishing. Discuss how management can measure the cost savings of these recommendations."
Question 4 Calculate a table of interest rates based on the following information: Inflation expectations for year 1 = 3%, year 2 =3.5%, years 3-5 =5% The default risk is .1% for year one and increases by .2% over each year Liquidity premium is 0 for..
One of the disadvantages of the specific identification inventory cost flow method is that it can allow managers of a business to manipulate the amount of income the business reports by choosing which item to sell if the cost is different for identic..
The net income of Foster Furniture, Inc., amounted to $1,700,000 for the current year. Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of:
Prepare the work paper entries to eliminate the difference between book and fair value for December 31, 2014, 2015 and 2016 - Referring to Problem 2, if P had reported income of $800,000 each year and S had reported income of $500,000 each year, ca..
Choose one (1) of the topics below and develop a three to four (3-4) paragraph essay (of at least 250-550 words) which adequately address the topic you have chosen.
In the last HW assignment, Mr.Speakers had finished out 2016 and produced its first set of annual financial statements. During 2017, your ownership/management team has goals of expanding the product line to include two headphones and numerous accesso..
Cassandra Demery worked as a bookkeeper at Clinton George’s business, Freestyle, until Georg discovered that she has embezzled more than $200,000 and had failed to repay $240,000 in state and federal taxes owed by Freestyle. George fired Demery and s..
On October 1, Bandor Company sold land (that cost $30,000) on credit for $35,000. The buyer issued an 8%, 12 month note for this amount, with the interest to be paid on the maturity date.
A machine costs $700,000 and is expected to yield an after-tax net income of $30,000 each year. Management predicts this machine has a 11-year service life and a $140,000 salvage value, and it uses straight-line depreciation.
Are Standard Costing systems outdated? Do the advantages outweigh the disadvantages? Who uses standard costing today? -- Not a bad idea to search the web on this one too or ask around at work. Does your company use a standard costing system?
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