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susan elbe is preparing a worksheet explain to susan how she should extend the following adjusted trial balance
parent company purchases 25 of the outstanding 50000 shares of subsidiary company on january 1 19x1 for 75000 during
terry thomas opens the green thumb lawn care company on april 1at april 30 the trial balance shows the following
parent company purchases a long-term equity investment representing 25 of subsidiary companys outstanding shares during
company a buys 25 of the outstanding stock of company b on january 1 19x1 for 45000 the book value of company bs stock
a company purchases 1000 shares of stock at 12 per share it sells 100 shares at 11 receives a 10 stock dividend and
the ledger of hammond inc on march 31 2010 includes the following selected accounts before adjusting
a corporation receives a 50000 life insurance settlement when its vice-president dies at that time the cash surrender
a company has 100 shares of 5 100 par preferred stock convertible into 200 shares of common stock the preferred stock
corporation q engaged in the following stock transaction during 19ajan 1 issued 5000 sharesmar 1 issued 3000 sharesjune
numerous timing concepts are discussed on pages 96 to 97 a list of concepts is provided on page 99 on the left with a
a 100000 par 6 convertible bond has an annual discount amortization of 600 if the tax rate is 30 how much in interest
calvin and hobbes are the new owners of micro computer services at the end of august 2010 their first month of
a 1000 bond paying 10 interest annually on december 31 is purchased at 110 prepare all the entries for the first year
the feldbrand corporation purchases 1000 shares of ibm at 100 and 1000 shares of bell labs at 125 it receives dividends
a corporation purchases 1000 shares of xerox stock as a short-term investment the cost per share is 100 and there is a
corporation r on december 31 2007 contractually commits itself to issue 2000 additional common shares on december 31
the following balances were extracted from the books of atlas enterprises for the year ended 30 september 2009nnstock
the accounting records of shumway ag implement show the following databeginning inventory4000 units at 3purchases6000
hasbeen company completed its inventory count it arrived at a total inventory value of 200000 as a new member of
desco ltd issued 100000 ordinary shares of n100 each at n140 per share payable as followsi 35 kobo on applicationii 65
inventories should be valued at the lower of cost and net realizable value - sas 4 - stocksa discuss four methods of
presented below is information related to sims company for its first month of operations determine the balances that
once the trial balance agrees it is assumed that it contains no arithmetical errors or mistakes at times the trial
tracy company sells three different types of home heating stoves wood gas and pellet the cost and market value of its