Entries by mary WAMBUGU

The stockholders equity sec±on of the balance sheet of Frederick Mining Company is as fFrederick Mining CompanyEquity Sec±on of Balance Sheet as of January 1, 2016

August 28, 2019 in /by

There are two problems this week covering the equity section of the balance sheet. Click the tab at the bottom of the screen when you are ready for problem 2. The stockholders equity section of the balance sheet of Frederick Mining Company is as follows: Frederick Mining Company Equity Section of Balance Sheet as of […]

 

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What were the corporation’s net sales, cost of goods sold, and gross profit? What was the corporate tax rate? This should be an item in the notes to the financial statement.

August 28, 2019 in /by

What were the corporation’s net sales, cost of goods sold, and gross profit? What was the corporate tax rate? This should be an item in the notes to the financial statement. Required disclosure usually explains the Federal Statutory rate and a reconciliation to the actual tax rate of the company each year. Read the Statement […]

 

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Record the following journal entries below. The ±rst two are done for you as examples.DateEvent1/2/2016 Amanda Smith invested $20,000 cash in capital stock of newly formed corpora²on1/4/2016 Purchased equipment on account for $15,000.

August 28, 2019 in /by

There are two problems on this assignment.  Page down further after you complete problem 1. Problem 1 Record the following journal entries below.  The first two are done for you as examples. Date Event 1/2/2016 Amanda Smith invested $20,000 cash in capital stock of newly formed corporation 1/4/2016 Purchased equipment on account for $15,000.  Note […]

 

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