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1.On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $ 36,000 cash. On November 4, Zirbal reissued 850 shares of this treasury stock for $ 8,500. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock.
intel stmicro and francisco partners are going into business together taking equity shares in the new venture of
auditors found out that campbell was delaying payments to creditors at year end and selling inventories as huge
puget world inc. manufactures two models of television sets the n 800 xl model and the n 500 model. data regarding the
What is a complete liquidation? A partial liquidation? Explain the difference in tax treatment accorded these two different events. Also, provide specific examples.
computation of inputs allowed direct materials and direct laborduring the year minot company produced 120000 drills for
wasson company purchased items of inventory as follows dec. 2 50 units 20 dec. 12 12 units 21 wasson sold 15 units on
the costs per equivalent unit of direct materials and conversion in the filling department of rose petal lotion company
Focus on cash and cash equivalents. Why did cash change during 2007? The statement of cash flows holds the answer to this question. Analyze the seven largest individual items on the statement of cash flows (not the summary subtotals such as "net c..
a business issued a 30-day 7 note for 150000 to a creditor on account. journalize the entries to record a the issuance
cress company makes four products in a single facility. data concerning these products appear below nbspnbsp
Dolly Salem owns and operates a bakery in Charleston, South Carolina. She maintains a file that lists the sequence of procedures required to make each of her famous cakes and cookies. These instructions are examples of a(an):
electric utilities generally have very high common equity ratios because their revenues are more volatile than those of
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