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Roemer Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting. During the first month, the accountant made the following entries for the corporation's capital stock.
Instructions
On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stocktransactions.
Chen Inc. accepted a two-year noninterest-bearing note for $605,000 on January 1, 2016. The note was accepted as payment for merchandise with a fair value of $500,000.
A bakery that orders cartons of bread mix has used an EOQ model to determine that an order quantity of 90 cartons per order is economically optimal. The bakery needs 150 cartons per month to meet demand.
a manager is considering a special project. corporate policy dictates that all special projects must generate an
Some countries do not allow firms to buy back stock from their stockholders. Which of the following would you expect of dividend policies in these countries (relative to countries that don't restrict stock buybacks)?
1.Air France KLM (AF) , a French company, prepares its financial statements according to International Financial Reporting Standards.
the southwest management assiciation held its annual public relations luncheon in april 2010. based on the previous
Prepare an income statement and an owners equity statement for the year ending December 31,2012.
Lacks commercial substance. Montgomery's year ends on December 31, and depreciation has been recorded through December 31, 2010.
nicoles getaway spa ngs purchased a hydrotherapy tub system to add to the wellness programs at ngs. the machine was
Evaluate the full Board of Public Accountancy's decision using the ethical decision making model and an ethical theory other than Utility Theory, Kant's version of Deontology, or the theory you used on the first ethical problem.
On May 1, 2010, the Ramden Company issues 13% serial bonds with a face value of $2 million.
During the fourth quarter of 2013, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13, 27) for Clarke's Roofing. Using the forms supplied on pages 4-58 to 4-61, complete the following for the fourth quarter:
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