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1. Kane Inc.'s $10 par value common stock is actively traded at a market value of $15 per share. Kane issues 5,000 shares to purchase land advertised for sale at $85,000. Journalize the issuance of the stock in acquiring the land.
a company makes wheels which it uses in the production of childrens wagons. the companys costs to produce 190000 wheels
during the current year merchandise is sold for2850750. the cost of the merchandise sold is1995525.a. what is the
assume that chapman company acquired abernethys common stock for 490000 in cash. as of january 1 2009 abernethys land
If a corporation issued $3,000,000 in bonds which pay 5% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%?
Your firm has the following income statement items; sales of 50,250,000; income tax of 1,744,000.00; operating expenses of 10,115,000; cost of goods sold of 35,025000 and interest expense of 750,000. What is the amount of the firm's gross profit.
on july 31 2012 caton company had a cash balance per books of 20809. the statement from jackson state bank on that date
oklahoma manufacturing company uses a standard cost system. in 2012 28400 units were produced. each unit took several
Compute the cost of goods sold for the year ended December 31, 2007, and the ending inventory under the following cost assumptions:
on january 1 20x7 jones company acquired 90 percent of the outstanding common stock of smith corporation for 1242000.
1.identify and explain the primary differences between fixed and flexible budgets.2.describe at least five benefits of
Problem: Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year).
a division can sell externally for 40 per unit. its variable manufacturing costs are 15 per unit and its variable
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