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On February 1, Year 2, the Razorback Corporation decides to transfer its available for sale securities to the trading category. These securities had been purchased for $9,400 early in Year 1 and had a fair value of $11,700 on December 31, Year 1. On February 1, Year 2, the securities have a fair value of $12,500.
Prepare the journal entries to record the transfer.
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Suppose that Drake Corporation produced and sold 5,000 laptop computers during 2010. It reported $270,000 cash provided by operating activities. In order to maintain production at 5,200 laptops, Drake invested in $8,000 in equipment. Drake paid $2..
Did the confidentiality agreement that Minkow required Ernst & Whinney
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When one media company buys another, goodwill is often the most costly asset acquired. World media paid $700,000 to acquire-Journalize World Media's acquisition of The Dandy Dime.
What are some journal entries that must be made at year-end to convert financial statements from accrual to cash basis?
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Prepare the journal entry to record the issuance of the bonds on January 1, 2012 and Show the long-term liability balance sheet presentation of the bond liability at December 31, 2012.
a company has 1600 shares of 50 par value 7.5 cumulative and nonparticipating preferred stock and 16000 shares of 10
accounting standards are set in the united states in theprivate sector. public hearings and written documents
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