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Please prepare the following journal entries. Indicate which account should be debited with the abbreviation DR in front of the account name and which account should be credited with the abbreviation CR in front of the account name along with the dollar amount of the debit and credit.
a) Investors invested $150,000 in exchange for 10,000 shares of common stock.b) Company made payment on account for $10,000c) Company received $15,000 for services not yet performedd) Company purchased $7,500 worth of equipmente) Company billed $5,000 for services performed
Explain why the book and fair values of the goodwill of Elson Corporation are different. Discuss the propriety of (a) increasing the stated value of goodwill prior to the negotiations and (b) eliminating goodwill completely from the balance sheet p..
Explain the ethical dilemma that it faced or is currently facing. Analyze the way that it responded to this ethical dilemma and outline the legal, social, or political outcomes
the subsequent costs results from the production and sale of 4000 drum sets manufactured by vince drum corporation for
question suppose you are an accountant at abc loans. your role is to assess loan applications. as part of its
laura corporation is considering the purchase of new equipment with a cost of 41000. the expected cash inflow from the
rensing inc. has 800000 of 6 percent preferred stock and 1200000 of common stock outstanding each having a par value of
Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrelated to each other. Craig owns 55% of the stock, and Oscar owns the remaining 45%.
Suppose your required return on the project is 8 percent and your pretax cost savings are $196,000 per year. What is the NPV of the project?
Post all journal entries and adjusting journal entries to the general ledger T-accounts and ending balances of all permanent accounts to the beginning balances (BB) in July's general ledger T-accounts. Please round all amounts to the neares..
Cost allocation theory through cost drivers - Why do they allocate costs anyway in a government (City Government) setting -- aren't cost allocation methods mostly for manufacturing companies?
required1 perform horizontal financial analysis using at least 5 financial ratios including both balance sheet and
Identification of several factors of materiality and Identify several factors considered by an accountant in deciding whether an item is "material."
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