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Merchandise with an invoice price of 2000 was purchased on October 3 terms 1/15, n/60. The company uses the net method to record purchases. The entry to record the cash payment of this purchase obligation on October 17 is Accounts payable 1980; cash 1980 Accounts payable 2000; cash 2000 Accounts payable 1980; discounts lost 20; cash 2000 Accounts payable 2000; merchandise inventory 20; cash 1980 Accounts payable 2000; merchandise inventory 40; cash 1960
as an investor you are considering buying stock in a relatively new company. medical horizons inc. has been in
On January 1, 2010, Gant Corporation had $1,500,000 of common stock outstanding that was issued at par and retained earnings of $750,000. The company issued 30,000 shares of common stock at par on July 1 and earned net income of $400,000 for the y..
Kordel Inc. holds 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory acquired over the past few months. In preparing consolidated financial statements, what amount of this debt should be elimi..
Gate Corporation acquired all of Way Corp's assets in a Type C reorganization on August 7, 2010. On the date of acquisition, Way Corp. had an unused net capital loss of $80,000. Gate Corp. had a net capital gain (computed without regard to any cap..
Offshore Ale Company has earnings available to common stockholders of $2 million and has 500,000 shares of common stock outstanding. What is its earnings per share (EPS)?
Written, Inc. has outstanding xxx,000 shares of $x par common stock and xx,000 shares of no-par x% preferred stock with a stated value of $x. The preferred stock is cumulative and nonparticipating.
financial statement analysis please respond to the followingfrom the first e-activity compute the percentage difference
the paradise shoes company has estimated its weekly tvc function from data collected over the past several months as
over the past 2 decades business schools have added required courses on organizational design to many of their
How much are total manufacturing costs for the period?
dinkel manufacturing corporation accumulatesthe following data relative to jobs started and finished during themonth of
It is estimated that $38,400 of these fixed expenses could be eliminated if the department is discontinued. These data indicate that if the department is discontinued, the company's overall net operating income would:
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