Questions from my homework <br/><br/><br/>1. Towson Corp., was organized on January 2, 2018. During the first year of operation, Towson issued 60,000 shares of $1 par value common stock at a price of $40 cash per share. On December 31, 2018, Towson reported Net income of $250,000 and paid $50,000 cash dividends. Determine the dollar […]
hi,<br/>I need hlep with the following quesions. i tried to follow the example on the text book, but i got stuck on calculation of balance on 5/20. please Help. Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price […]
On June 1, 2019 Adelphi Corporation issued $390,000 of 6%, 5-year bonds. The bonds which were issued at 97, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. If this is discount amortization enter as a positive number. If this is premium […]
For the FY 2018, Frederick Company had net sales of $1,000,000 and net income of $95,000, paid income taxes of $27,500, and had before tax interest expense of $20,000. Use this information to determine the Times Interest Earned Ratio. (Round your answers to one decimal place) Looking for a Similar Assignment? Order now and Get 10% […]
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