Entries by Munene david

The following accounts were among those reported on Luna Corp

May 5, 2020 in /by

The following accounts were among those reported on Luna Corp.’s year-end balance sheet: Securities (market value $140,000) $ 80,000 Preferred stock, $20 par value 20,000 shares issued and outstanding 400,000 Additional paid-in capital on preferred stock 30,000 Retained earnings 900,000 On January 20, Luna exchanged all of the securities for 5,000 shares of Luna’s preferred stock, […]

 

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Easton Company prepares annual adjusting entries only.

May 5, 2020 in /by

Easton Company prepares annual adjusting entries only. During the third quarter of Fiscal year 2018, Easton company acquired the following trading securities: Date company #of shares Price per share 8/15 x company 1500 $44 9/25 y company 1,250 $30 9/30 z company 1,000 $22 On November 10th, Easton company sold the Y company stock for […]

 

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Question 8 Alpha Corporation started the 2017 fiscal year with

May 5, 2020 in /by

Question 8 <br/>Alpha Corporation started the 2017 fiscal year with 100,000 shares common stock outstanding. On April 1 an additional 30,000 shares were issued. On July 1 Alpha reacquired 10,000 shares. Use this information to determine the number of weighted-average shares of common stock outstanding for the 2017 fiscal year? Question 9 On January 1, 2017, […]

 

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Question: 4.)On January 1, 2017, Alpha Company purchased a significant

May 5, 2020 in /by

Question: 4.)On January 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000. This investment balance represents 25% of the equity of the Bravo-Zulu Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Using this information, […]

 

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