Issuance of the company stock
Powerdrive Co. issued 2000 shares of its RM10 par value common stock for RM70 000. Powerdrive also incurred RM1500 of costs associated with issuing the stock. Prepare Powerdrive's journal entry to record the issuance of the company's stock.
Expected delivery within 24 Hours
MediSecure, Inc., produces clear plastic containers for pharmacies in a process that starts in the Molding Department. Data concerning that department's operations in the most recent period appear.
Assuming the under- or overapplied overhead for the year is not allocated to inventory accounts, prepare the adjusting entry to assign the amount to cost of goods sold.
Assume that the land has a fair market value of $28,000 and an adjusted basis of $31,000 on the date of the distribution. How would your answer to (a) change?
In November of the current year, Sapphire Corporation declared a dividend of $2 per share (the shareholder record date is December 15). Assume that Sapphire has sufficient current E&P to cover the dividend payment.
The net income reported on the income statement for the current year was $275,000. Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000 respectively.
New Rich Company was incorporated at the beginning of this calendar year. Its articles of incorporation authorized 500,000 share of common stock, of which 100,000 were issued immediately.
The balance sheets at the end of each of the first two years of operations indicate the following:Total current assets year 2006 600,000 year 2005 $560,000
New Rich Company was incorporated at the beginning of this calendar year. Its articles of incorporation authorized 500,000 share of common stock.
1929820
Questions Asked
3,689
Active Tutors
1442609
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
Answers this question in first person narration, Long essay, simple words if I am planning to have a Career as a Social Worker to become a Probation Officer:
Please read and summarize the following article in point-form based upon the following criteria: - You should be able to state what the theme/idea/concept/theo
The living Faith Church Worldwide, also known as the Winners Chapel International, in America is on a mission to plant a Church in Puerto Rico.
Sexism continues to sustain the glass ceiling because it is embedded in social identity expectations and reinforced through implicit bias in decision-making
Blaine and Brenchley (2021) explain that gender stereotypes distort perceptions of competence and leadership fit, so women are more likely to be routed
Sexism sustains these challenges through entrenched social identity processes and gender role expectations. Social identity theory explains in group favoritism
Gender stereotypes remain deeply rooted in cultural expectations, and these assumptions often shape how individuals are perceived and evaluated