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Balboa Island Corporation began operations on April 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per share. On April 19, it issued 2,000 shares of common stock to attorneys in settlement of their bill of $27,500 for organization costs. Journalize both issuances, assuming the stock is not publicly traded.
Explain why a $50,000 increase in inventory during the year must be included in developing cash flows from operating activities under both the direct and indirect methods.
Evaluate at least nine more academic journal articles related in some way to the one above, and to draw out a clear argument with a conclusion based upon the data considered.
Prepare a schedule of adjustments as of December 31, 2012, to the initial amounts per Dimitri's accounting records.
Depreciation of buses is due to obsolescence. Depreciation due to wear and tear is negligible and liability insurance premiums are based on the number of buses in the company's fleet.
Outline the findings of the various courts of appeal and discuss the severity of the penalties awarded to the management of James Hardie.
Calculate unit cost for the month for materials, labor, and factory overhead. Units completed and transferred to stock.
Evaluate the selling price per unit. Which of the following is not a difference between financial accounting and managerial accounting?
If no active market exists for the machine and the company does not plan to dispose of it what should Robertson record as an impairment loss on july 1 2012?
Prepare the consolidated financial statements for Peony at December 31, 20X6 using the direct method. Show all your work.
The fixed costs for the plane are $3,000 per day whether it flies or not. A) Should the airline replace its night flight from Los Angeles with a morning flight? b) Should the airline remain in business?
you are the manager of the xyz company. for the first time in the companys history you plan to involve department
Explain why the business structure is the best one for this business and write down a name you would like to give your business.
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