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Received $48,000,000 for the issuance of its stock on May 14. The par value of the ARM stock was only $48,000. Was the excess amount of $47,952,000 a profit to ARM? If not, what was it? Suppose the par value of the ARM stock had been $4 per share, $8 per share, or $14 per share. Would a change in the par value of the company's stock affect ARM's total paid-in capital? Give the reason for your answer.
a) State the problem you've chosen and what it is asking, the data being given
b) Attach your excel workup showing how you solved, along with commentary on what you did, why set up as you did, observations of the work and how it relates to the equity section of a company's financials
c) YOUR answer, what does it mean in relation to the context of the problem and what it was asking.
The assistant manager says she will add up cash and enter sales after lunch. She says that, in this way, the register will always match the cash amount when the manager arrives at three o'clock. What do you do?
1. ramirez corporation sells two types of computer chips. the sales mix is 30 q-chip and 70 q-chip plus. q-chip has
Assuming the company uses variable costing, calculate Polk's manufacturing cost per unit for 2012. (Round answer to 2 decimal places, e.g.10.50.)
If Coronado ending retained earnings was $994000, what was the company's revenue for the year
a company produces doors. the following information was gathered to prepare budgets for the upcoming year beginning
Moe, Larry, and Curly are forming The Stooges Partnership. Moe is transferring $30,000 of personal cash and equipment worth $25,000 to the partnership.
Discuss how the statement of cash flows is used by investors. If you were an investor reviewing a statement of cash flows, what section would interest you most? Why?
as of january 1 2011 the partnership of canton yulls and garr had the following account balances and percentages for
(Using debits and credits) Bobby Hooks, licensed master plumber, had the following transactions and events during his first month of business.
how are the features of the income statement balance sheet and statement of cash flow utilized in both the gaap and the
In 2012, Warren sold his personal use automobile for a loss of $9,000. He also sold a personal coin collection for a gain of $10,000. As result of these sales, $1,000 is subject to income tax.
Royal Gorge Company uses the gross profit method to estimate ending inventory and Calculate the estimated inventory at the end of November
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