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Stock transactions
On August 15, 1,600 shares of Birch Company are acquired at a price of $44 per share plus a $160 brokerage fee. On September 10, a $0.75-per-share dividend was received on the Birch Company stock. On October 5, 500 shares of the Birch Company stock were sold for $35 per share less a $50 brokerage fee. Prepare the journal entries for the original purchase, dividend, and sale.
Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
In its first year of operations, Harden Co. earned $39,000 in revenues and received $33,000 cash from these customers-Calculate the first year’s net income under both the cash basis and the accrual basis of accounting.
It finances with debt and common equity, but it wants to avoid issuing any new common stock during the coming year. Given these constraints, what percentage of the capital budget must be financed with debt?
A Statement of Cash Flow is the statement which demostrate inflow and outflows of cash and cash equivalents of an enterprise during the particular period.
Ddescribe the possible "errors" or "frauds" that could occur because of the control weakness. You are to do this using the information provided in the case.
Explain why adjusting entries are necessary and describe the 4 types of adjusting entries, and provide a manufacturing industry example of each.
Calculate the number of units the equipment was used to produce in 2005.
Companies use straight-line depreciation
question 1.on january 1 forrester county is holding investments for tinsel town valued at 800000 in an investment pool
Visit the websites of Procter & Gamble and Harley Davidson
Find the present value of rs.2000 due in 6 yrs if money is worth compounded semi-annually ascertain the present value of an amount of rs.8000deposited now in a commercial bank for a period of 6 yrs at 12 % rate of interest.
A company wishes to issue a $30,000, 4-year bond that pays 8% interest compounded semiannually (4% every 6 months). Determine the selling price. Assume a market rate of 10% compounded semiannually (5%).
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