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Goldman Inc. was organized on June 1, 2013. It was authorized to issue 500,000 shares of $10 par common stock and 100,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $50 per share. The following stock transactions pertain to Goldman Inc.:
1. Issued 40,000 shares of common stock for $16 per share.
2. Issued 20,000 shares of the class A preferred stock for $52 per share.
3. Issued 60,000 shares of common stock for $20 per share.Required:
a. Prepare general journal entries for these transactions.
b. Prepare the stockholders equity section of the balance sheet immediately after these transactions.
Henry Quincy wants to withdraw $30,000 each year for 10 years from a fund that earns 8% interest. How much he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately?
at december 31 2012 raymond corporation reported a deferred tax liability of 150000 which was attributable to a taxable
the empire hotel is a full-service hotel in a large city. empire is organized into three departments that are treated
Write down an essay on legal issues surrounding Solyndra, the California based solar panel manufacturer.
Many Americans feel that their jobs at home should be protected and that free trade should be limited. However, global competition and less expensive imports keep prices under control and reduce inflation. In this assignment, you will be researchi..
A company has 10%, 20-year bonds outstanding with a par value of $500,000. The company calls the bonds at 96 when the unamortized discount is $24,500. Calculate the gain or loss on the retirement of these bonds.
In which of the following cases should the employees report the benefit received as gross income?
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sampling company which pays 10 commission to its sales people reported sales revenues of 210000 for the period just
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