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1. Green Day Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 5% stock dividend when the fair value of the stock is $65 per share. Prepare the journal entries for Green Day Corporation for both the date of declaration and the date of distribution.
you are saving for a porsche carrera cabriolet which currently sells for nearly half a million dollars. your plan is to
The expected length of your Learning Journal is five pages (using 12 point font, 1.5 line spacing) answering the following four questions:
the controller of sagehen enterprises believes that the company should switch from the lifo method to the fifo method.
retirement planning analysis.nbspnbspprovide your computations or explanations where appropriate. give your answers to
In each of the following independent situation, determine the corporation's income tax liability. Assume that all corporations use a calendar year for tax purposes and that the tax year involved is 2011.
assume the company has 1000 units of this product left over from last year that are inferior to the current model. the
(a) Compute the amount of gain or loss to Ludwig, Inc. on the transfer (disposition) of the land. (b) Compute the amount of gain or loss to Ludwig, Inc. on the settlement of the debt.
Don James purchased a new automobile
Compute the estimated inventory at May 31, assuming that the gross profit is 25% of sales. Compute the estimated inventory at May 31, assuming that the gross profit is 25% of cost.
g owns a sole proprietorship while h is the 100 shareholder of a corporation. the businesses in the current year make a
Determine the amount of dollars to be received, after deducting payment for the option premium.
What is the term used to describe an organization in which positions are awarded based on one's ability and skill?
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