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Mad City Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $250,000. It later resold 2,000 shares for $54 per share, then 2,000 more shares for $49 per share, and finally 1,000 shares for $40 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.
If fixed costs are $350,000, the unit selling price is $29, and the unit variable costs are $20, what is the break-even sales (units) if the variable costs are decreased by $4?
garland mills purchased a certain piece of machinery 2 years ago for 500000. its present resale value is 380000.
jim acquires a new seven-year class asset on september 20 2011 for 80000. he placed the asset in service on october 5
Decides to offer two types of dinner cruise
Garcia Corporation purchased a truck by issuing an $80,000, 4years, zero-interest-bearing note to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck.
Purchasing has identified a company that will pick up the damaged and unusable pallets and process them into wood chips, which this company then sells. The cost of this service is $1.25 per pallet.
foster corporation purchased a new machine for its assembly process on august 1 2014. the cost of this machine was
Both figures occur evenly throughout the year. On a December 31, 2004 consolidated income statement, what should be reported as the noncontrolling interest in the subsidiary's net income and as preacquisition income?
develop a plan for the distribution of salary increases. suppose you are employed in a local industry and your
based on background information, what are the major inherent risks in the Securimax audit? Consider both industry and entity risks in your answer? 2. Discuss the factors to consider when determining preliminary materiality for Securimax.
write a 700- to 1050-word paper in which you do the followingidentify the four basic financial statements.describe the
mizzou mining company mines an iron ore called alpha. during the month of december 413000 tons of alpha were mined and
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