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On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5,000 shares of $50 par preferred stock were issued at $104. Journalize the entries for April 1 and 7.
Consider the production cost information for Santiago's Salsa in Problem 1-1. The company is currently producing and selling 325,000 jars of salsa annually.The jars sell for $5.00 each. The company is considering lowering the price to $4.60. Suppo..
blanchard company manufactures a single product that sells for 250 per unit and whose total variable costs are 200 per
October Corporation reported net income of $46,000 in 2012. Depreciation expense was $17,000 and unrealized holding losses on temporary investments (FV-NI) were $3,000. The following accounts changed as indicated in 2012:
Ikerd was entering the United States from a trip abroad when the Customs Service confiscated some goods she had purchased and brought back with her. The determination of whether the government is attempting to take property and what type of hearin..
High Sounds manufactures wind chimes that have a standard material cost of 2 pounds of raw materials at $1.50 per pound. During March, 10,000 pounds of raw materials costing $1.55 per pound were used in making 4,800 wind chimes. What is the (1) ma..
the company had cash and marketable securities worth 1235455 accounts payables worth 4159357 inventory of 7121599
On May 1, 2004 Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed April 30,2005. The Cash receipt was recorded as unearned fees and at December 31,2004, $500 of the fees had been earned. The adjust..
1. jason and mary are married taxpayers in 2013. they are both under age 65 and in good health. for this tax year they
Discuss what we mean by the term "Corporate Social Responsibility".
Michael Porter is another faculty member at the Harvard Business School. His work is the foundation of how businesses develop and manage competition and strategy.
piere imports uses the perpetual system in accounting for merchandise inventory and had the following transactions
rayburn corporation purchased a new machine for 120000. the machine has an estimated useful life of 10-years with no
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