Business, 12.03.2021 16:00, ayoismeisalex
Share Issuances for Cash Finlay. Inc., issued 8.000 shares of $50 par value preferred stock :u $68 per ~hare and 12.000 shares of no-par value common stock at $I 0 per share. The common Mock ha~ no Mated value. All issuances were for cash. L02, 4
a. Determine the financial statement effect of the share issuances.
b. Determine the financial statement effect of the issuance of the common stock a-.-.uming that - it had a st:ued value of $5 per share.
c. Determine the financial statement effect of the issuance of the common stock assumin
Answers: 2
Business, 22.06.2019 09:00, tiffanibell71
Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.
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Business, 22.06.2019 16:30, AriaMartinez
Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.
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Business, 22.06.2019 23:50, lolabizzer
For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar. spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements. cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery. rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer. gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life. esquire company provides financial statements to external users every three years.
Answers: 1
Share Issuances for Cash Finlay. Inc., issued 8.000 shares of $50 par value preferred stock :u $68 p...
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