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1. Follow the same format as BE1-6 on the previous page. Determine the effect on assets, liabilities, and owner's equity of the following three transactions.
(a) Invested cash in the business.
(b) Withdrawal of cash by owner.
(c) Received cash from a customer who had previously been billed for services provided.
58 Nicole, a calendar year individual, owns 30%of Creole Cravings,inc,. a C corporation that was formed on February 1,2011. She receives a $5000 monthly salary from the corporation, and Creole cravings generates $200000 of taxable income (after ac..
on 1110 the stockholders adopted a stock option plan for top executives whereby they would receive rights to purchase
Calculate the resulting cash flow and state the nature of cash flow namely, operating, investing and financing. Acquired machinery for ?2,50,000 paying 20% down and executing a bond for the balance amount.
At the beginning of November Manny Co. had $600 worth of supplies on hand. During the month of November Manny Co. purchased $2,100 worth of supplies. On November 30, Manny Co. counted supplies and found that $1,600 remained on hand. What is the ap..
Suppose you are considering two possible investment opportunities; a 12-year Treasury bond and a 7-year, A-rated corporate bond. The current real risk-free rate is 4%; and inflation is expected to be 2% for the next 2 years, 3% for the following 4..
black diamond inc. issues 2500 shares o 1 par value common stock and 1000 shares of 50 par value preferred stock for a
crest information technologies manufactures three sizes of copiers light usage medium usage heavy usage. potentail
heathrow issues 2000000 of 6 15-year bonds dated january 1 2011 that pay interest semiannually on june 30 and december
Assuming a direct-mapped cache with 16 one-word blocks that is initially empty, label each reference in the list as a hit or a miss and show the final contents of the cache.
at december 31 2010 tatum company had 2000000 shares of common stock outstanding. on january 1 2011 tatum issued 500000
on january 10 2012 a paid 2100 rent for a storage facility for the period from january 10 through may 31. the rent
A company issued 5%, 20-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 4%. Interest is paid semiannually. At what price did the bonds sell?
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