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1. Moonwalker Corporation issued 2,000 shares of its $10 par value common stock for $60,000. Moonwalker also incurred $1,500 of costs associated with issuing the stock. Prepare Moonwalker's journal entry to record the issuance of the company's stock.
Under absorption costing a company had the following per unit costs when 10,000 units were produced. Compute the company's total production cost per unit if 25,000 units had been produced.
on january 1 2014 pennington corporation purchased 25 of the common shares of edwards company for 427000. during the
Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the following stock transactions.
Using traditional absorption costing, calculate the full production cost perunit and the profit per unit for each product. Comment on theimplications of the figures calculated.
abc s-corporation had 200000 of ordinary income in 2013 abe an 80 owner contributes white machine in an irc section 351
Compute depletion and depreciation of the mine and the mining facilities and equipment for 2011 and 2012. Marion uses the units-of-production method to determine depreciation on mining facilities and equipment.
on january 1 2010 sands company had accounts receivable 55600 and allowance for doubtful accounts 5390. sands company
Sepracor, Inc., a drug company, reported the following information. The company prepares its financial statements in accordance with GAAP.
if fixed costs are 40500 per period variable costs are 12.50 per unit are revenue is 20.00 per unit how many units must
troto company has total fixed costs of 6000000 and totl variable cost of 3000000 at a volume level of 300000 units.
the west division of shekarchi corporation had average operating assets of 623000 and net operating income of 90000 in
mink manufacturing is unsure of whether to sell its product assembled or unassembled. the unit cost of the unassembled
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