Pecs Alley is a regional chain of health clubs. The managers of the clubs,...
Pecs Alley is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The Springfield...
View ArticleCommercialServices.com Corporation provides business-to-business services on...
CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales $8,400,000 Net operating income$800,000...
View ArticleRaner, Harris, & Chan is a consulting firm that specializes in information...
Raner, Harris, & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices—one in Chicago and one in Minneapolis. The firm...
View ArticleUse the following selected data from Success Systems' income statement for...
Use the following selected data from Success Systems' income statement for the three months ended March 31, 2014, and from its March 31, 2014, balance sheet to complete the requirements below: computer...
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The stockholders’ equity of TVX Company at the beginning of the day on...
The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows: Common stock—$10 par value, 150,000 shares authorized, 52,000 shares issued and outstanding$520,000...
View ArticleKelley Company reports $1,750,000 of net income for 2013 and declares...
Kelley Company reports $1,750,000 of net income for 2013 and declares $245,000 of cash dividends on its preferred stock for 2013. At the end of 2013, the company had 390,000 weighted-average shares of...
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Unilever Group reports the following equity information for the years ended...
Unilever Group reports the following equity information for the years ended December 31, 2009 and 2010 (euros in millions). December 3120102009 Share capital€486 €486 Share premium 139 169...
View ArticleKinkaid Co. is incorporated at the beginning of this year and engages in a...
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders’ equity during its first year of operations....
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Kohler Corporation reports the following components of stockholders’ equity...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2013: Common stock—$15 par value, 100,000 shares authorized, 55,000 shares issued and outstanding$...
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Paulson Company issues 7%, four-year bonds, on December 31, 2013, with a par...
Paulson Company issues 7%, four-year bonds, on December 31, 2013, with a par value of $91,000 and semiannual interest payments. Semiannual Period-EndUnamortized DiscountCarrying Value(0)...
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Woodwick Company issues 8%, five-year bonds, on December 31, 2012, with a par...
Woodwick Company issues 8%, five-year bonds, on December 31, 2012, with a par value of $103,000 and semiannual interest payments. Semiannual Period-EndUnamortized PremiumCarrying Value(0)...
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On January 1, 2013, Shay issues $260,000 of 8%, 20-year bonds at a price of...
On January 1, 2013, Shay issues $260,000 of 8%, 20-year bonds at a price of 96.75. Six years later, on January 1, 2019, Shay retires 20% of these bonds by buying them on the open market at 105.25. All...
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On January 1, 2013, Eagle borrows $33,000 cash by signing a four-year, 6%...
On January 1, 2013, Eagle borrows $33,000 cash by signing a four-year, 6% installment note. The note requires four equal total payments of accrued interest and principal on December 31 of each year...
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Prepare journal entries to record the following transactions involving the...
Prepare journal entries to record the following transactions involving the short-term securities investments of Duke Co., all of which occurred during year 2013. a.On March 22, purchased 800 shares...
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On December 31, 2013, Lujack Co. held the following short-term...
On December 31, 2013, Lujack Co. held the following short-term available-for-sale securities. CostFair Value Nintendo Co. common stock $ 77,500 $ 84,475 Atlantic bonds payable 31,000...
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Listed below are a few events and transactions of Kodax Company. 2013 Jan. 2...
Listed below are a few events and transactions of Kodax Company. 2013 Jan.2 Purchased 23,000 shares of Grecco Co. common stock for $410,000 cash plus a broker’s fee of $3,200 cash. Grecco Co. has...
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Listed below are a few events and transactions of Kodax Company. 2013 Jan. 2...
Listed below are a few events and transactions of Kodax Company. 2013 Jan.2 Purchased 23,000 shares of Grecco Co. common stock for $410,000 cash plus a broker’s fee of $3,200 cash. Grecco Co. has...
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Ticker Services began operations in 2011 and maintains long-term investments...
Ticker Services began operations in 2011 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow....
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Prepare journal entries to record the following transactions involving the...
Prepare journal entries to record the following transactions involving the short-term securities investments of Natura Co., all of which occurred during year 2013. a.On June 15, paid $156,000 cash to...
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On May 8, 2013, Jett Company (a U.S. company) made a credit sale to Lopez (a...
On May 8, 2013, Jett Company (a U.S. company) made a credit sale to Lopez (a Mexican company). The terms of the sale required Lopez to pay 610,000 pesos on February 10, 2014. Jett prepares quarterly...
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