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Prepare jountal entries to record the following transactions involving the short term securities investments of Blake Cok,, all of which occurred during year 2008.
a. On Feb 15, paid 120,000 cash to purchase RTFs 90 day short term debt securities $120,000 principal, dated Feb 15, that pay 8% interest (categorized held-to maturity securites).
b. On March 22, purchased 700 shares of XIF Company stock at $27.50 per share plus a $150 brokerage fee. These shares are cateborized as trading securities.
simple plant manufactures dna test strips. manufacturing overhead is applied to units produced using direct labor
while reconciling snyder companys bank statement an accountant discovered that the bank had collected one of the
mcarthur inc. has negotiated the purchase of a new piece of automatic equipment at a price of 7000 plus trade-in f.o.b.
purchase a 20xw ford truck for 26750. the terms include a 4750 down payment an a 3-year 6 promissory note to ford
Red Wing Company applies factory overhead based on direct labor costs. The company incurred the following costs during 2011: direct materials costs, $637,500; direct labor costs, $2,500,000; and factory overhead costs applied, $1,000,000.
For the year ended December 31, 2010 ,Taylor & Partridge, earned an ROI of 14%. Sales for the year were $14 million, and average asset turnover was 2.4. Average owners' equity was $2.6 million.
Explain how the process compares to an acquisition (or should we say Statutory Merger) when the acquired subsidiary is dissolved in the year of acquisition.
Variable finishing costs are expected to be $8 per unit with no increase in fixed costs. Prepare an analysis on a per unit basis showing whether Martell should sell unfinished or finished bookcases.
kent company anticipates total sales for april may and june of 800000 900000 and 950000 respectively. cash sales are
Your meeting with the CEO and other officers of the distance learning investment company will last for 35 minutes. You must get them to buy into your idea or the project will fade away.
mighty corporation manufactures end tables. each end table requires 4 direct labor hours for each table. mighty
a lawyer collected 710 of legal fees in advance. he erroneously debited cash for 170 and credited accounts receivable
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