What would be recorded in the common stock account
What would be recorded in the common stock account on the balance sheet if 20,000 shares are issued at a par value of $2 and the market value is $5?
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Grammar, Inc., offers its full-time employees pension and other postretirement benefits, primarily health insurance. During the current year, pension benefits for the employees totaled $250,000.
Gross pay (wages expense) $ 250,000 Social Security and Medicare taxes 19,125 Federal and state unemployment taxes 15,500 Workers' compensation insurance 8,500
Reeves, Inc., sold 1,000,000 shares of $25 par value common stock at $30. It subsequently repurchased 100,000 of those shares at $50 per share and then sold 70,000 of those shares at $55.
On October 1, 2012 Noller Company issued $4,000,000 par value, 10%, 10-year bonds dated July 1, 2012, with interest payable semiannually,on January 1 and July 1. The bonds are issued at $4,542,000 (to yield 8%) plus accrued interest.
Part 1 - Summer Tyme, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3.9 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time
A project has the following cash flows: Year 0 Cash Flow= $58,000 Year 1 Cash Flow= -$34,000 Year 2 Cash Flow= -$45,000 A. What is the IRR for this project?B. If the required return is 12 percent, should the firm accept the project?
Investment securities can be classified as "Hold to Maturity", "Available for Sale," or "trade." The specific classification depends on the company's ability to do as it wishes and its intention to do what it states.
Griffiths president has asked why you use one method for the books and another for tax calculations. "can you do this? Is it legal? Don't we take the same total depreciation either way?
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