Solution-Icorporation fees of 12000 calculate total

Icorporation fees of 12000 calculate total start-up and

Reference no: EM13571968

At the beginning of 2011, Patel company incurred the following start-up and organization costs:

1) Attorney's fees with a market value of $20,000, paid with 12,000 shares of $1 par value common stock, and

2) Incorporation fees of $12,000. Calculate total start-up and organization costs. What will be the effect of these costs on the income statement and balance sheet?

Reference no: EM13571968

Questions Cloud

The following data are for the month of january for the : the following data are for the month of january for the soloway company. assume the cost driver is the number of units

How an organization can use organizational commitment to : how an organization can use organizational commitment to positively impact job satisfaction. support your reading 300

Ludwick steel company as lessee signed a lease agreement : ludwick steel company as lessee signed a lease agreement for equipment for 5 years beginning december 31 2012. annual

How does the use of a flexible budget instead of a fixed : 1 why is it important that we differentiate the sources of a companys capital structure between debt and equity

Icorporation fees of 12000 calculate total start-up and : at the beginning of 2011 patel company incurred the following start-up and organization costs1 attorneys fees with a

Apply survivor bias to show how the mutual fund industry : are public security market sufficient? what is survival bias? apply survivor bias to show how the mutual fund industry

At the beginning of 2013 a company adopts the dollar-value : at the beginning of 2013 a company adopts the dollar-value lifo inventory method for its one inventory pool. the pools

There is also the 13 chance of a -24000 payoff the cost of : at stage 2 of the decision tree it shows that if a project is successful the payoff will be 53000 with a 23 chance of

After the adjusting entries are posted prepare a trial : as a recently hired accountant for a small business bearing inc. you are provided with last years balance sheet income

User Account

All Pages

Icorporation fees of 12000 calculate total start-up and

Reference no: EM13571968

Reference no: EM13571968

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

How much should the court invest today assuming end of year

Assume that the risk free rate is 10 and the dividend yield

Which of these two bonds should the investor select

Define and discuss the concepts of risk and return

1-2 page 350-450 words description of a swot analysis and

Calculate the market return

Computation of change in long term debt account

What will be the effect on the net present value of the

Describe three of the main ways that the euro affects

What are your forecasts of the company year-end inventory

What return on equity will pennington earn

What is the addition to retained earnings

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT