Entries by mary WAMBUGU

On January 2, 2018, All Good Company purchased 8,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment.

August 30, 2019 in /by

On January 2, 2018, All Good Company purchased 8,000 shares of the stock of Big Bad Company, and DID obtain significant influence.  The investment is intended as a long-term investment.  The stock was purchased for $14 per share, and represents a 30% ownership stake. Big Bad Company made $350,000 of net income in 2018, and paid dividends to All […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

On January 1, 2018, Fortunato Co. leased a building to Chestnut Corp. for a ten-year term at an annual rental of $90,000.

August 30, 2019 in /by

 On January 1, 2018, Fortunato Co. leased a building to Chestnut Corp. for a ten-year term at an annual rental of $90,000. At inception of the lease, Fortunato received $320,000 covering the first two years’ rent of $160,000 and a security deposit of $160,000. This deposit will not be returned to Chestnut upon expiration of […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

On January 2, 2018, All Good Company purchased 14,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment.

August 30, 2019 in /by

On January 2, 2018, All Good Company purchased 14,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $12 per share, and represents a 10% ownership stake. Big Bad Company made $375,000 of net income in 2018, and paid dividends to […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Accounts payable $44,000, Accounts receivable $55,500, Capital stock $100,000, Cash $51,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $2,600,

August 30, 2019 in /by

Accounts payable $44,000, Accounts receivable $55,500, Capital stock $100,000, Cash $51,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $2,600, Inventory $32,000, Note payable $30,000, Prepaid expenses $4,600, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000. The note payable balance is due in nine months. How much is Alpha’s […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"