Robert haddon contributed
Robert Haddon contributed $70,000 in cash and land worth $130,000 to open a new business, RH Consulting. Which of the following general journal entries will RH Consulting make to record this transaction?
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Mitchell Company has total current assets of $45,000 which includes inventory of $10,000, and current liabilities of $17,300. The company's working capital ratio is: 0.4, 0.5, 2.1, or 2.6?
What is the value of this 20 year lease? The first payment, due one year from today is $2,000 and each annual payment will increase by 4%. The discount rate used to evaluate similar leases is 9%?
California Surplus Inc. qualifies to use the installment-sales method for tax purposes and sold an investment on an installment basis. The total gain of $75000 was reported for financial reporting purposes in the period of sale.
In 2010 Toni purchased 100 shares of common stock in Blue Corporation for $5,280. In 2011, Blue declared a stock dividend of one share of its common stock for each 10 shares held. This year, 2012, Blue's shares of the Blue corporation stock if bot
Lakshmi is single and provides you with the following tax information for 2012 Salary $200,000 Bank account interest $1,000 Capital gain on an asset held for 11 months 4,000 Capital gain on an asset held for 16 months 9,000.
Lansbury Manufacturing produces hair brushes. The selling price is $20 per unit and the variable costs are $8 per brush. Fixed costs per month are $4,800. If Lansbury sells 25 more units beyond breakeven, how much does profit increase as a result?
In year 4, the company's variable costing net operating income was $240,000 and its absorption costing net operating income was $267,000. Did inventories increase or decrease during Year 4?
Benson Company provides the following information: Sales, $24,000; Net Income, $5,000; Current Assets, $12,00; Current Liabilities, $8,000. What is the company's gross profit margin? a. $19,000 b. 79% c. 1.5 to 1 d. Unable to determine e. None of
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