Prepare a journal entry for a corporation
How to prepare a journal entry for a corporation who issued 2500 shares of no par common stock to its promoters in exchange for their efforts, estimated to be workt $43500. the stock has no stated value.
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Why does the aggegate demand (AD) curve slope downward? What could cause the AD curve to shift to the right? What impact would a rightward shift of the AD curve have on the economy?
what is the amount of interest expense recorded by Bucky, Inc. in the first year of the asset's life?
George and Judy are able to document spending 120 hours on the yacht chartering activities during the year. Determine how any losses resulting from the activity are treated under the passive activity loss rules.
Suppose a household receives a grant of $500 of food stamps per month. How will this household's budget line be affected?
Harber Co. uses the installment sales method. When an account had a balance of $2,800, no further collections could be made and the dining room set was repossessed.
The applicable marginal income tax rate for the firm is 40%. Assume that the asset qualifies for a seven year MACRS property class. Determine the NPW of this project at MARR= 14%.
What makes contracts difficult to read or comprehend? Identify and then explain the two most important elements of a contract that every manager should know about.
After incurring total investigation costs of $54,000, he acquires the auto dealership August 1 of 2011. How much can Robert deduct in 2011?
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