Entry to record the issuance of the stock
The Harvester Corporation issued 40 shares of $20 par value stock to its accountant. The shares are in full payment for her $900 fee for assistance in setting up the new company. The entry to record the issuance of the stock would include a:
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A firm operate at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales and sales were $1,000,000. what is operating profit was?
Prepare the adjusting journal entry on December 31, 2010, to accrue interest expense. Prepare the journal entry to record the interest payment on January 1, 2011.
Record all of the transactions related to the common stock of LifePath Fitness during the years 2009 and 2010.
The terms of the loan agreement specify that the company's current ratio cannot fall below 1.5. Calculate the current ratio before and after the loan. Do you think the loan will be granted?
Compute the accounts receivable turnover for 2002 and 2001. Round to one decimal place.
A company has 10%, 20-year bonds outstanding with a par value of $500,000. The company calls the bonds at 96 when the unamortized discount is $24,500. Calculate the gain or loss on the retirement of these bonds.
James Kirk is a financial executive with McDowell Enterprises. Although James Kirk has not had any formal training in finance or accounting, he has a "good sense" for numbers and has helped the company grow from a very small company ($500,000 sale
In which building would you recommend that Brubaker Inc. locate, assuming a 12% cost of funds?
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