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Rodriguez corporation issues 19000 shares of its common stock for $152,000 cash on february 20. prepare journal entries to record this event under each of the following separate situations 1. the stock has a @dollar value 2. the stock has neither par nor stated value. 3. the stock has a $5 stated value
There is a general practitioner whose offices are located in the South Falls Professional Building.
Prepare journal entries for the following transactions - Sold all inventory for $56,000 cash.
1 a bottled gas company has 500000 common shares authorized 400000 common shares issued and 15000 common shares in
The terms of the lease require the taxpayer to pay $1,000 a month. Based on the value of the automobile, the inclusion amounts for 2008, 2009, and 2010 are $313, $590, and $602, respectively. If the taxpayer uses the car 70% for business, what net..
in 2013 chirac enterprises issued at par 75 1020 7 bonds each convertible into 110 shares of common stock. chirac had
Kristen Montana operates a retail clothing operation. She purchases all merchandise inventory on credit and uses a periodic inventory system. The accounts payable account is used for recording inventory purchases only; all other current liabilitie..
Lisa has a $25,000 basis in her partnership interest before receiving a current distribution of $4,000 cash and land with a $30,000 FMV and $14,000 basis to the partnership.
After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $846,972, what was the retained earnings on its balance sheet on July 1, 2010?
crane company makes four products in a single facility. data concerning these products appear belowproductnbspnbsp
Prepare the journal entry to record each of the following independent transaction. (Use the number of the transaction in lieu of a date for identification purposes.)
The following standards for variable manufacturing overhead have been established for a company that makes only one product. Hours worked were 2,600. Variable overhead cost was $31,330 and 400 units were produced. What is the variable overhead spe..
1. Give three examples of how management can engage in "real" earnings management to achieve the desired reporting of higher net income. 2. Profiles Corp. had the following infrequent income statement items during 2009:
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