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Record the following journal entry:Poquito Corporation issued 30,000 shares of its $5 par value common stock for $360,000 cash on August 1, 2010.The following information relates to the number of common shares of the Telly Corporation:80,000 Authorized shares.30,000 Unissued shares.5,000 Treasury shares
Calculate the number of outstanding shares from the information given. Show your calculations.
When will a bond sell for a discount?When will a bond sell for a premium?
What is the future value of a $5,000 note payable with interest at 8% compounded annually. The note is due in 5 years. The principle and all of the interest will be paid at the end of the 5 years. The time value of money tables are on pages 448-451 in your text.
Journalize the transactions that occurred in September 2015 for Aquamarines. No explanations are needed. Identify each accounts payable andaccounts receivable with the vendor or customer name
a corporation has 15000 shares of 10 50 par noncumulative preferred stock outstanding and 25000 shares of no-par common
savallas company is highly automated and uses computers to control manufacturing operations. the company uses a
The bookkeeper for Wooster Company asks you to prepare the following accrued adjusting entries at December 31. Interest on notes payable of $400 is accrued.
pack in taxi service uses the units-of-activity method in computing depreciation on its taxicabs. each cab is expected
renfree mines inc. owns the mining rights to a large tract of land in a mountainous area. the tract contains a mineral
a sales invoice included the following information merchandise price 5000 delivery expense 300 terms 110 neom fob
If a customer pays her bill after her account has already been written off, the company receiving the payment should record the account reinstatement with:
The remaining partners are comfortable with the payments, however, because Alvin brought in a large percentage of the firm's clients over the years, and thus is responsible for a large part of the firm's revenues, even after he retires. How will t..
Evaluate the accounting ethics of creating, initiating, or adjusting transactions to repatriate excess cash for multinational firms in transfer pricing decisions and suggest a way that this practice may be implemented.
dvorak company produces a product that requires five standard pounds per unit. the standard price is 2.50 per pound.
funtime inc. makes small toys in a one-department production process. plastic is added at the beginning of the process
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