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Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations.
What is the amount of minimum legal capital (based on par value) at year-end?
Minimum legal capital:
4.
What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $786,000?
Estimate the cost of the receivables loan to Johnson when the firm borrows the $300,000. The prime rate is currently 11 percent.
the following information is given for mchugh inc. for themonth ended october 312010. mchugh uses a periodic method
In a defined-benefit plan, the process of funding refers to
Cleopatra Cosmetics Company is planning a one-month campaign forMay to promote sales of one of its two cosmetics products. Atotal of $110,000 has been budgeted for advertising, contestsredeemable coupons
Is it necessary to do an entry to correct the prior years' depreciation? Prepare the entry to record depreciation for 2011
social considerations can be used to justify allowing a federal income tax deduction for state and local sales taxes.
gray has a current capital structure consisting of 400000 of 12 annual interest debt and 50000 shares of common stock.
Compute (a) basic earnings per share, and (b) diluted earnings per share.
Prepare a vertical analysis of the 2009 income statement data for Douglas Company and Maulder Company in columnar form. Comment on the relative profitability of the companies by computing the returnon assets and the return on common stockholders' eq..
On January 1, 20xx, Alpha Corporation issued $800,000 of 10%, 30-year bonds to lenders at par (100). Interest is to be paid semiannually on July 1 and January 1. Journalize the following entries:
Probe Manufacturing leased an asset with a fair market value of $145,000 to Detection Devices. Detection will pay Probe $25,000 annually, in advance, for the next 10 years.
the morris corporation has 1000000 of debt outstanding and it pays an interest rate of 9 annually. morriss annual sales
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