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How do I record a contribution of $300K to a private company where the group contributing the money has only 3 x $2 shares. ie: what are the specific journal entries, particularly if that amount is not shown in the "bank" account
The general manager suggested recognizing revenue at an earlier point. If this were done, net account receivables would be increased by $12,000 at 31st December 2011 and by $23,000 at 31st December 2012.
If an individual taxpayer acquires a mortgage to buy his principle residence and then, several years later, refinances that mortgage with a new mortgage, the interest on that new mortgage is:
Managerial accounting: a. has its primary emphasis on the future. b. is required by regulatory bodies such as the SEC. c. focuses on the organization as a whole, rather than on the organization's segments. d. Responses a, b, and c are all correct.
Engles Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $130,000 and will increase annual expenses by $80,000 including depreciation.
on january 1 2009 elva corp. paid 750000 for 80 of fenton co. when the book value of fentons net assets was 800000.
the following information is available for sappys surgical shears for the fiscal year ending december 31 20xx.
A Corporation is considering issuing a convertible bond. What is a convertible bond and the advantages of a convertible bond from the standpoint of 1) the bondholder and 2) the issuing corporation.
Rhianna and Jay are married filing jointly in 2009. They have six children for whom they may claim the child tax credit. Their AGI was $123,440. What amount of child tax credit may they claim on their 2009 tax return?
is rental real estate subject to the passive loss limitations? are there any important exceptions? please explain the
Sally is an attorney who computes her taxable income using the cash method of accounting. Sage Corporation, owned 40% by Sally's brother, 40% by her cousin
selected balance sheet information for the wolf company at november 30 and december 31 2013 is presented below. the
enter question here grandiose growth has a dividend growth rate of 20. the discount rate is 15. the end-of-year
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