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Inkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations.
Please show work:
a.How many shares of common stock are outstanding at year-end?
b.What is the amount of minimum legal capital (based on par value) at year-end?
c.What is the total paid-in capital at year-end?
d. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $782,000?
What circumstances allowed the alleged frauds happen (e.g., internal control failures, lack of background checks, missing policies and procedures) - be specific?
lankford corporation operates a retail computer store. to improve delivery services to customers the company purchases
sales revenue 460000. cost of goods sold 300000. operating expenses 85000. sales discounts 20000. sales returns and
in 2012 raleigh sold 1000 units at 500 each and earned net income of 50000. variable expenses were 300 per unit and
Journalize the transactions. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2013 transactions.) Rivera uses straight-line depreciation for buildings and equipment.
There is a general practitioner whose offices are located in the South Falls Professional Building.
. susummit products inc. is interested in producing and selling an improved widget. market research indicates that
Journalize the entry to record the declaration of the dividend, cpaitalizing an amount equal to market value. Journalize the entry to record the issuance of the stock certificates.
arcardo resources group has been in its plant facility for 15 years. although the plant is quite functional numerous
Bonds payable has a balance of $1,000,000 and premium balance of $7,000. IF the issuing corporation redeems the bonds at 101. what is the amount of gain or loss on redemption?
the cumulative feature of preferred stocka.limits the amount of cumulative dividends to the par value of the preferred
brielle corporation is projecting a cash balance of 31785 in its december 31 2013 balance sheet. brielles schedule of
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