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Question 1 Corp. issued purchased 75,000 shares n it began
Question 1 B Corp. issued purchased 75,000 shares n it began operations in 2004 and issued an additional 100,000 shares in 2005. B also issued preferred stock convertible into 100,000 shares of common… read more
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GA-RP 1. The following information is provided: Income before taxes $9
1. The following information is provided: Income before taxes $900,000 Income before taxes included the following Requirements: Interest income of= $80,000 (from municipal bonds) Rental income was col… read more
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12. Stewart Company acquired Meyer Manufacturing on January
12. Stewart Company acquired Meyer Manufacturing on January 1, 2013 for $6,800,000 and recorded goodwill of $1,800,000 as a result of that purchase. At December 31, 2013, Meyer Manufacturing Division … read more
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Downing company issue $4,000,000 6%,What are proceeds from bond issue?
Downing company issues $4,000,000 6%, 5 year bonds dated January 1,2014 on January 1, 2014. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are t… read more
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Question 1 1. Under the corporate form of business organization Answer
Question 1 1. Under the corporate form of business organization Answer a stockholder is personally liable for the debts of the corporation. stockholders' acts can bind the corporation even though the … read more
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Problem #1 The ABC Corp issued $10 million of bonds at 100%
Problem #1 The ABC Corp issued $10 million of bonds at 100% on January 1, 2010 that pay 5% interest rate semi-annually on June 30 and December 31. The bonds mature in ten years on December 31, 2019. R… read more
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accounting 214journal entries39. issue 3,000 shares of
accounting 214 journal entries 39. issue 3,000 shares of common stock at $20 per share given a. $5 par value b. no par value c. $8 stated value 40. issue 1,000 shares of $9 par value common stock for … read more
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1. Gray Corp. had the following stockholders equity section
1. Gray Corp. had the following stockholders' equity section on its balance sheet at December 31, 2004: Preferred stock, 6%, $50 par, 100,000 shares authorized, 40,000 shares issued and outstanding $ … read more
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Acctg 211 – Exam 3 Please use the following data for questions
Acctg 211 – Exam 3 Please use the following data for questions 1 – 9: Ziegler Corporation purchased a machine for $200,000. The machine has a useful life of 3 years. During those 3 years, the machine … read more
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Ashford 2: - Week 1 - Assignment Week One Problems • Chapter
Ashford 2: - Week 1 - Assignment Week One Problems • Chapter 12, P 12-30A • Chapter 12, P 12-32A • Chapter 13, P 13-24A • Chapter 13, P 13-25A P12-30A Issuing stock and preparing the stockholders' equ… read more
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A. Dividends Per Share: Maurice, Inc. has stock issued as
A. Dividends Per Share: Maurice, Inc. has stock issued as follows: 20,000 shares of cumulative 4% preferred stock $100 par and 100,000 shares of $50 par common. During its first five years of operatio… read more
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1. Pattys Baker has cost of goods sold for the years 2011,
1. Patty's Baker has cost of goods sold for the years 2011, 2010, and 2009, respectively, of $28,600, $26,900, and $25,600. If 2009 is the base year, the trend percentage for 2011 is A. 111.72%. B. 5.… read more
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Neo! Question: In the stockholders equity section of the
Neo! Question: In the stockholders' equity section of the balance sheet, the classification of capital stock consists of A. Additional paid-in capital and common stock B. Common stock and treasury sto… read more
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Accounting Help Please: 8-16 8 If Smaller Company issues
Accounting Help Please: 8-16 8 If Smaller Company issues 1,000 shares of $5 par value common stock for $90,000, the account a. Common Stock will be credited for $90,000. b. Paid-in Capital in excess o… read more
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11) If a corporation issued $3,000,000 in bonds which pay 10%
11) If a corporation issued $3,000,000 in bonds which pay 10% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? A. $3,000,000 B. $90,000 C. $300,000 D.… read more
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"For TeacherGreg" 1. How would the carrying value of a bond
"For TeacherGreg" 1. How would the carrying value of a bond payable be affected by amortization of each of the following? Discount Premium A. No effect No effect B. Increase No effect C. Increase Decr… read more
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EXERCISE 3 Wallace Company had the following transactions
EXERCISE 3 Wallace Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 800 shares of Betz common stock (2%) for $8,000 cash, plus Brokerage fees of $200. July 1 Re… read more
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***FOR NEO***Week Four Acc 363E12-2 Garza Co. had the
***FOR NEO*** Week Four Acc 363 E12-2 Garza Co. had the following transactions during the current period. Mar. 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment of a bill for … read more
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