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1. On July 3, Hanoi Artifacts Corporation issued for cash 450,000 shares of no-par common stock at $2.50. On September 1, Hanoi Artifacts issued 10,000 shares of 2%, $25 preferred stock at par for cash. On October 30, Hanoi Artifacts issued for cash 7,500 shares of 2%, $25 par preferred stock at $30.
Journalize the entries to record the July 3, September 1, and October 30 transactions.
Comment on trends found in the ratios computed in (a). Comment on the trend between earnings per share and cash flow per share
Compute Deere's inventory turnover ratio and days in inventory for 2009 and compute Deere's current ratio using the 2009 data as presented, and then again after adjusting for the LIFO reserve.
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on january 1 2002 fox corp. issued 1000 of its 10 bonds for 1040000. these bonds were to mature on january 1 2012 but
What is the difference between business process outsourcing (BPO) and knowledge process outsourcing (KPO)? Why do many organizations outsource at least some of their accounting functions?
On January 2, 2011, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $40,000 with a residual value of $5,000.
Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?
kinder enterprises relies heavily on a copier machine to process its paperwork. recently the copy clerk has not been
Sales revenue for 2008 was $1,000,000 of which 80% was on credit. Historical data indicates that 3 percent of gross credit sales prove uncollectible. (As such 3% of gross credit sales is their accounting policy) What should the balance in the allo..
prycal co. merges with interbuy inc. and acquires several different categories of intangible assets including
tyrell co. entered into the following transactions involving short-term liabilities in 2012 and 2013.2012 april 20
dung corporation uses the fifo method in its process costing system. the following data concern the companys assembly
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