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Problem - Watson Inc. was incorporated on 1/2/18. Their corporate charter authorized the following capital stock, Preferred stock: 7%, par value $100 per share, 100,000 shares. Common stock: $1 par value, 500,000 shares .
1/19/18 issued 100,000 shares of common stock for $17 cash per share
1/31/18 issued 3,000 shares of preferred stock for $115 cash per shares
11/1/18 repurchased 30,000 shares of common stock for $22 cash per share
12/1/18 declared and paid a total dividend of $95,000
Required - How to prepare the journal entry for each transaction above.
Explain the content of each report listed below in detail and how it relates to your assessment of Amazon's.com financial performance.
what is the planned annual operating income at a selling price of 12 per unit when the total manufactoring costs are 6
Given the following information, determine the activity rate for setups. Round to the nearest cent.
Boulder City Hospital has just been informed that a private donor is willing to contribute $20,000 per year at the beginning of each year for 15 years. What is the current dollar value of this contribution if the discount rate is 8 percent?
john byers owns and operates byers building supplies. the following information was taken from his financial
1. An estimate of the non-value-added cost caused by each activity. 2. The root cause(s) of the activity cost (such as plant layout, process design, and product design). 3. The cost reduction measure: activity elimination, activity reduction, activit..
Assume a 5 year useful life with a residual value of $50,000, how much depreciation expense should the company record on its books each year using the double declining balance method of depreciation?
1 sylvia wants to order nine coffee mugs with writing that says better to remain silent and be thought a fool than to
Record the necessary journal entries for 2016 And Prepare Income Statement and Retained Earnings Statement for the year 2016
Prepare the entry for the dividend declaration, separating the dividend into the common and preferred portions.
Part 1: Prepare adjusting journal entries using the unadjusted trial balance on the previous page and the information provided below. Use only the account names provided on the previous page (do not create any new account names).
Below are the accounts of Goodgood Consulting Services prior to the December 31, 2016 year-end adjustments:
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