Capriati Corporation commenced operations in early 2012. The corporation incurred $ Capriati Corporation commenced operations in early 2012. The corporation incurred $55,130 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its formation. Prepare journal entries 1) to record the $55,130 expenditure and 2) 2012 amortization, if any
Carpenter Associates The following information is for Carpenter Associates at the e Carpenter Associates The following information is for Carpenter Associates at the end of 2008. Sales $800,000 Sales returns & allowances 8,000 Accounts receivable, 12/31/08 175,000 Allowance for doubtful accounts, 12/31/08 (before adjustment for bad debts) 1,000 Estimated uncollectible accounts per aging schedule at […]
Who did Martin Luther King Jr. address his “Letter from Birmingham JailAc€?. Who did Martin Luther King Jr. address his “Letter from Birmingham Jail” to? Answer the courts fellow clergy fellow protestors fellow convicts
Dieringer Corporation’s most recent balance sheet and income statement appear below Dieringer Corporation’s most recent balance sheet and income statement appear below: The accounts receivable turnover for Year 2 is closest to: A) 1.14 B) 8.19 C) 0.88 D) 8.73
At December 31, 2013 At December 31, 2013, Newman Engineerings liabilities include the following: 2. $14 million of 8% notes are due on May 31, 2017. A debt covenant requires Newman to maintain current assets at least equal to 175% of its current liabilities. On December 31, 2013, Newman is in violation of this covenant. […]
Is there a difference between direct and indirect methods to make a statement of ca Is there a difference between direct and indirect methods to make a statement of cash flows? Discuss and note two or three specific differences. In addition, clearly Distinguish between cash flows from operating activities and cash flows from investing activities. […]
On December 31, 2012, Alexander Company had $1,235,900 of short-term debt in the fo On December 31, 2012, Alexander Company had $1,235,900 of short-term debt in the form of notes payable due February 2, 2013. On January 21, 2013, the company issued 23,870 shares of its common stock for $44 per share, receiving $1,050,280 proceeds […]
On both December 31, 2008, and December 31, 2009, On both December 31, 2008, and December 31, 2009, Kopp Co.s only marketable equity security had the same fair value, which was below cost. Kopp considered the decline in value to be temporary in 2008 but other than temporary in 2009. At the end of both […]
Diego, age 28, married Dolores, age 27, in 2012. Their salaries for the year amount Diego, age 28, married Dolores, age 27, in 2012. Their salaries for the year amounted to $46,479 and they had interest income of $3,500. Diego and Dolores’ deductions for adjusted gross income amounted to $1,900, their itemized deductions were $10,172, […]
In determining the dollar amount to use for operating assets in the return on inves In determining the dollar amount to use for operating assets in the return on investment (ROI) calculation, companies will generally use either net book value or gross cost of the assets. Which of the following is an argument for the […]