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on august1 wismer corporation declared a 200 per share cash dividend on its common stock 22000 shares for stockholders
alexa corporation recently organized the company issued common stock to an inventor in exchange for a patent with a
problempierce wedgewood the manager of a candle companys specialty candle line as well as the grandson of the companys
assignmentsales and accounts receivable adapted from nivra1indicate the essential functions of the accounts receivable
following are selected transactions danica company for 2014 and 20152014 dec13 accepted a 14000 45-day 10 note dated
problem 1thompson industrial products inc tipi is a diversified industrial-cleaner processing company the companys
pina musical instruments sound nbspreproduction nbspequipment recorded music and labor sheet music pina uses two sales
on december 31 fighting okra cooking services reports the following revenues and expensesnbspnbspnbspnbspnbspservice
vertical inc has a 2016 net section 1231 gain of 43000 and had an 18000 net section 1231 loss in 2015 verticals first
melissa exchanges an apartment building with an adjusted basis of 50000 and a fair market value of 87000 and green inc
ashley owns 200 acres of farmland held as investment real estate with an adjusted basis of 525000 there is a 390000
an office building with an adjusted basis of 350000 was destroyed by fire on december 30 2016 on january 11 2017 the
on july 1 2016 brandon purchased an option to buy 1000 shares of general inc stock at 30 per share he purchased the
the books of harvey inc disclosed a cash balance of 71257 on june 30 the bank statement as of june 30 showed a balance
on december 31 2017 skysong company had 1232000 of short-term debt in the form of notes payable due february 2 2018 on
kingbird factor provides a 2 year warranty with one of its products which was first sold in 2017 kingbird sold 1044600
on october 31 the stockholders equity section of heins company consists of common stock 325000 and retained earnings
whetzel corporation reported net income of 150000 declared dividends on common stock of 45000 and had an ending balance
paula owns four separate activities she elects not to group them together as a single activity under the appropriate
assignmentproblem 1partial information follows about net sales net purchases cost of goods sold gross profit total
alice owns land with an adjusted basis of 305000 subject to a mortgage of 175000 real estate taxes are 4000 per
megan made a gift of stock to jeri in 1975 megan had purchased the stock in 1973 for 20000 at the time of the gift the
robert and diane husband and wife live in pennsylvania a common law state they purchased land as joint tenants in 2012
karen purchased 100 shares of gold corporation stock for 11500 on january 1 2003 in the current tax year she sells 25
alex and adam exchange business machines alex exchanges a business use machine with an adjusted basis of 47000 and a