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Stockholders invested $100,000 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $2,500 per month.
What is the tax on a taxble income (after exemptions and standard or itemized deductions) of $84,358 for 2012 for single.married filing jointly,married filing separately and,head of household?
Describe in detail an incident from your own work experience or that of an acquaintance's work experience where an organization suffered damage due to the failure or absence of an internal control.
What are the amounts and descriptions for all of the company's long-term liabilities on its balance sheet for the two most recent years? What is the interest expense for the two most recent years?
The company has 15 employees, who earn a total of $2,900 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous.
The company has used a company-wide predetermined overhead rate in past years, but the new controller, Bennie Leon, is considering the use of departmental overhead rates beginning with the next year
Snake Creek Company has one trusted employee who, as the owner said, handles all of the book-keeping and paperwork for the company.
Ted needs to put additional capital into his solely owned corporation in order to comply with changes in his state's capitalization requirements. Ted is considering contributing a piece of property
The Ward County Hospital Center (WCHC) wants to buy a new mobile primary care van to use in screening residents in an underserved local neighborhood.
For february, the cost components of a picture fram include $0.25 for the glass, $0.65 for the wooden frame, and $0.80 for assembly. The assembly desk and tools cost $400.
As it pertains to requirement #4, include the "Management Report" inside your overall report. You will then have one Word document as your final product. You will also have one Excel file.
The date is November 18, 2009. You are the chief executive officer of Omega Software a publicly owned company that is currently in financial difficulty. Omega needs new large bank loans if it is to
The actual manufacturing overhead incurred at Hogans Corporation during April was $64,400, while the manufacturing overhead applied to Work in Process was $80,000. The company's Cost of Goods Sold w
On 1/1/2010, Jannison Inc. acquired 90% of Techron Co. by paying $477,000 cash. There is no active trading market for Techron stock. Techron Co.
The text states, overly sufficiently long time periods, net income equals cash inflows minus cash outflows, other than cash flows with owners. Demonstrate the accuracy of this statement in the follo
For the year ended December 31, 2014, Transformers Inc. reported the following: Net income $180,000 Preferred dividends declared 30,000.
United Van Lines purchased a truck with a list price of 250,000 subject to a 6 percent discount if paid within 30 days. United Van Lines paid within the discount period. It paid 4,000 to obtain titl
What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment earns 8% annual interest compounded quarterly?
Pujols Industries issued 10% bonds, dated January 1, with a face amount of $48 million. The bonds were priced at $42 million (plus accrued interest) to yield 12%. Interest is paid semiannually on Ju
Do some research and find an article that discusses financing with stock. Based on the article, determine what type of business you think stock financing is best and be sure to include the advantage
You are the senior accountant for an international manufacturing company and they have asked you to do some research on International account standards. Which of the accounting situations is treate
Arreaga Corp. has a tax rate of 40 percent and income before non-operating items of $928,000. It also has the following items (gross amounts).
The Wiscow Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at 2,300 machine hours.
Sybil, age 40, is single and supports her dependent parents who live with her, as well as her grandfather who is in a nursing home. she has AGI of $80,000 and itemized deductions of 8000.
Its income statement reported the following items: income from continuing operations, $5 million; loss from discontinued operations, $1.8 million; extraordinary gain, $2.4 million. All of these amou