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Question - The following are facts about the activities of shoemaker company, a new company.
A. reacquired 21,000 shares of its own stock for a total of 378,000
B. sold 6300 shares of treasury stock for $23 per share.
C. Sold 2900 shares of treasury stock for a total of 43,500.
What is the credit balance in Paid-in capital from sale of treasury stock after part (c).
Discuss the relevance of the total value of assets to potential creditors and why this is important
Compute the cost of the ending inventory under the average cost method
On January 2, 2014, Tablet Tailors signed 100 contracts, Prepare any journal entries to record this revenue arrangement on January 2, 2014
Theresa's Flower Garden has 750 bonds outstanding that are selling for $989 each, 2,500 shares of preferred stock with a market price of $47 a share, and 30,000 shares of common stock valued at $56 a share. What weight should be assigned to the commo..
b) For the year 2000, Coca-Cola Company, recorded net sales of $7,368 million. For 2010, Coca-Cola recorded net sales of $11,245 million. Over the ten-year period from the end of fiscal year 2000 to the end of 2010, What is the Coca-Cola's growth ..
We discussed the fact that auditing firms registered with the PCAOB are inspected by the PCAOB on a regular basis and the inspection reports are made public.
Briefly describe your perception of your focus company's liquidity and profitability based on your calculation and review of these ratios
1. what is a periodic inventory system? what is a perpetual inventory system? why might an organization choose
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A new employee suggests that Racer Industries sponsor a company 10-K as a form of advertising. The cost to sponsor the event is $7,200. How many more units must be sold to cover this cost?
Blue Air Inc., has net sales of $767,000 and accounts receivables of $162,000. What are the firm's accounts receivables turnover
Ajax Ltd, in 2012, reported an amount of $45m in Accounts Receivable. Calculate the increase in Net Working Capital in 2012.
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