Browse O
Alphabetical listing with fast deep pagination.
21210 items • Page 88 / 425
On 1/1/2014 ACME Company purchased a 1,000,000 Pound Sterling two year CD for $1
On 1/1/2014 ACME Company purchased a 1,000,000 Pound Sterling two year CD for $1,500,000. This 12% CD pays interest on June 30 and December 31. REQUIRED: Make the journal entry …
On 1/1/2014 CARSON purchased all of the stock of TRUMP for book value when TRUMP
On 1/1/2014 CARSON purchased all of the stock of TRUMP for book value when TRUMP had $1,000,000 in retained earnings and $3,000,000 in common stock. [note: this is the balance she…
On 1/1/2014, Phillip incorporation invested $650,000 in Shelter incorporation (1
On 1/1/2014, Phillip incorporation invested $650,000 in Shelter incorporation (100% owned). For 2014, Shelter incorporation: (1) Earned $90,000, (2) Declar…
On 1/1/2015 ABC Corp buys the entire bond issue from XYZ Corp. The bonds have a
On 1/1/2015 ABC Corp buys the entire bond issue from XYZ Corp. The bonds have a $1,000,000 face value, a stated interest rate of 5% (paid annually on December 31), and a 5-year te…
On 1/1/2015, Jason Company purchased a forklift for $155,000. The forklift has a
On 1/1/2015, Jason Company purchased a forklift for $155,000. The forklift has a 5 year useful life and a residual value of $15,000. Jason Company chose to use the straight-line d…
On 1/1/2015, Jason Company purchased a forklift for $155,000. The forklift has a
On 1/1/2015, Jason Company purchased a forklift for $155,000. The forklift has a 5 year useful life and a residual value of $15,000. Jason Company chose to use the straight-line d…
On 1/1/2016 KTA Inc. purchased a building at a cost of $2,000,000. The building
On 1/1/2016 KTA Inc. purchased a building at a cost of $2,000,000. The building had an estimated useful life of 25 years; a residual value of 400,000 and is depreciated on a strai…
On 1/1/2016, Choco acquired 70% of Cake. Choco paid $700,000 and acquisition dat
On 1/1/2016, Choco acquired 70% of Cake. Choco paid $700,000 and acquisition date fair value of non-controlling interest (NCI) is $200,000. On 1/1/2016, Choco allocated the entire…
On 1/1/2017 Starr Co. acquired 60% of the common stock of Best Inc. for $1,200,0
On 1/1/2017 Starr Co. acquired 60% of the common stock of Best Inc. for $1,200,000. The fair value of Best's net assets at that time was $1,800,000, and these net assets had a boo…
On 1/1/2017, GarFunkle Company issued a 5-year $1,000,000 bond with stated inter
On 1/1/2017, GarFunkle Company issued a 5-year $1,000,000 bond with stated interest rate of 10%. Interests were payable semiannually on 7/1 and 1/1. The bond was issued for $926,3…
On 1/1/2017, Penman Co. had the following account balances in its financial reco
On 1/1/2017, Penman Co. had the following account balances in its financial records: Accounts receivable: $122,000 Allowance for uncollectible accounts: $7,900 During 2016, its sa…
On 1/1/2018 Pauly Bleeker Inc. leases (as the lessee) equipment with a fair valu
On 1/1/2018 Pauly Bleeker Inc. leases (as the lessee) equipment with a fair value of $50,000 and a residual value of $2,000 (which is guaranteed). The lease is capitalized over fo…
On 1/1/2018, you deposit $20,000 into an account. At the end of each of the next
On 1/1/2018, you deposit $20,000 into an account. At the end of each of the next four calendar quarters, the value of the account and the deposit/withdrawal activity is as follows…
On 1/1/20X1, PDQ Corp issues $2.5 million of 15-year bonds at par value. The jou
On 1/1/20X1, PDQ Corp issues $2.5 million of 15-year bonds at par value. The journal entry to record the issuance of bonds on 1/1/20X1 would include which of the following: Debit …
On 1/12014, Wallgreens Company signed a ten-year non-cancelable contract to leas
On 1/12014, Wallgreens Company signed a ten-year non-cancelable contract to lease a storage facility from Rite Aids Inc. Rite aids inc expects to be able to collect lease payments…
On 10/1/2016, Hamilton Corporation issued $1 million of 13.5% bonds for $985,071
On 10/1/2016, Hamilton Corporation issued $1 million of 13.5% bonds for $985,071.68. The bonds are due in 4 years, and pay interest semiannually on March 31 and September 30. Assu…
On 10/1/2016, Hamilton Corporation issued $1 million of 13.5% bonds for $985,071
On 10/1/2016, Hamilton Corporation issued $1 million of 13.5% bonds for $985,071.68. The bonds are due in 4 years, and pay interest semiannually on March 31 and September 30. Assu…
On 11/12/XX, you decided to open a margin account to purchase S&P 500 stock inde
On 11/12/XX, you decided to open a margin account to purchase S&P 500 stock index futures. The stock index futures traded at 1187.70/share when you opened your position. Each …
On 11/30/15 Cougar Corp. exchanged an old truck for a piece of equipment and cas
On 11/30/15 Cougar Corp. exchanged an old truck for a piece of equipment and cash.The truck was purchased on 11/1/10 for $20,000 and was depreciated using the straight-line deprec…
On 12-31-15, Acme purchased a machine. Acme signed a $500,000 zero-interest bear
On 12-31-15, Acme purchased a machine. Acme signed a $500,000 zero-interest bearing note. The note is payable in full on 12-31-17. Assume an acceptable interest rate on similar no…
On 12-31-15, Fuji Inc.’s balance sheet reported Accounts Receivable of $100,000
On 12-31-15, Fuji Inc.’s balance sheet reported Accounts Receivable of $100,000 before Allowance for Uncollectibles of $10,000. Credit sales during 2016 were $611,000 and collecti…
On 12/31/16, ABC issued 10,000 shares of $1 par value common stock at the closin
On 12/31/16, ABC issued 10,000 shares of $1 par value common stock at the closing market price of $10 per share. Prepare ABC's journal entry to reflect the issuance of the stock o…
On 12/31/2013, Thomas borrowed $700,000 on a 12%, 15 year mortgage note payable.
On 12/31/2013, Thomas borrowed $700,000 on a 12%, 15 year mortgage note payable. The note is to be repaid in equal semiannual installments of $50854 (payable on June 30 and Decem…
On 12/31/x1, the balance in ZZ Corporation\'s accumulated E&P account was $200,0
On 12/31/x1, the balance in ZZ Corporation's accumulated E&P account was $200,000. For the year 20x2, ZZ had a deficit in current E&P of ($365,000). Answer each of the f…
On 12th April 2018 Pit Bull Ltd enters into a contract with a New Zealand compan
On 12th April 2018 Pit Bull Ltd enters into a contract with a New Zealand company, Secure Ltd, whereby Secure Ltd will build a printing machine for Pit Bull Ltd. The machine has b…
On 13 March 2013, Mining company Aeon Metals Ltd announced plans to raise $1 150
On 13 March 2013, Mining company Aeon Metals Ltd announced plans to raise $1 150 000 through a placement of 5 227 273 ordinary fully paid shares at $0.22 per share to institutiona…
On 13 March 2013, Mining company Aeon Metals Ltd announced plans to raise $1 150
On 13 March 2013, Mining company Aeon Metals Ltd announced plans to raise $1 150 000 through a placement of 5 227 273 ordinary fully paid shares at $0.22 per share to institutiona…
On 15th April 1892 Obadiah Squelch left his tomato processing factory for the la
On 15th April 1892 Obadiah Squelch left his tomato processing factory for the last time: inside 200 cans labelled "Finest Tinned Tomatoes". Who had committed this dreadful crime? …
On 1st January 20x8, Needcash Ltd sold its factory to Investco Ltd for $45 milli
On 1st January 20x8, Needcash Ltd sold its factory to Investco Ltd for $45 million and enters into a contract to lease it back over a 20-year period for an annual payment of $3.5 …
On 1st July 20X7 Parent Ltd acquired all of the share capital of Controlled Ltd
On 1st July 20X7 Parent Ltd acquired all of the share capital of Controlled Ltd for $487,500. As that date equity of Controlled Ltd was: Share Capital $300,000 General Reserve $60…
On 2 June 2017, an analyst estimated that possible returns for the S&P500 for Ju
On 2 June 2017, an analyst estimated that possible returns for the S&P500 for June 2017 had the following distribution: 4.3% of the possible returns for June 2017 were –5.0%…
On 2 June 2017, an analyst estimated that possible returns for the S&P500 for Ju
On 2 June 2017, an analyst estimated that possible returns for the S&P500 for June 2017 had the following distribution: 4.3% of the possible returns for June 2017 were –5.0%…
On 2 June 2017, an analyst estimated that possible returns for the S&P500 for Ju
On 2 June 2017, an analyst estimated that possible returns for the S&P500 for June 2017 had the following distribution: 4.3% of the possible returns for June 2017 were –5.0%…
On 2 June 2017, an analyst estimated that possible returns for the S&P500 for Ju
On 2 June 2017, an analyst estimated that possible returns for the S&P500 for June 2017 had the following distribution: 4.3% of the possible returns for June 2017 were –5.0%…
On 2 November, the Bank of England raised the interest rate – the first rise sin
On 2 November, the Bank of England raised the interest rate – the first rise since July 2007, although the Office for Budget Responsibility had revised down its forecasts of growt…
On 2010 January 1, Jackson Company purchased equipment for USD 400,000, and inst
On 2010 January 1, Jackson Company purchased equipment for USD 400,000, and installation and testing costs totaled USD 40,000. The equipment has an estimated useful life of 10 yea…
On 3/15/2012, Frankel construction contracted to build a shopping center at a co
On 3/15/2012, Frankel construction contracted to build a shopping center at a contract price of $120 million. The schedule of expected (which equals actual) cash collections a…
On 3/15/2012, Frankel construction contracted to build a shopping center at a co
On 3/15/2012, Frankel construction contracted to build a shopping center at a contract price of $120 million. The schedule of expected (which equals actual) cash collections a…
On 30 June 2017, James Inti purchased government bonds for $535,000 and 5% share
On 30 June 2017, James Inti purchased government bonds for $535,000 and 5% shares of Connor Ltd, one of its providers, for $47,000. REQUIRED Explain the two necessary conditions f…
On 30 September 2016, Jacaranda Ltd issued a prospectus calling for applications
On 30 September 2016, Jacaranda Ltd issued a prospectus calling for applications for 600 000 ordinary shares at an issue price of $3, payable $1.50 on application and $1.50 on all…
On 30 September 2016, Jacaranda Ltd issued a prospectus calling for applications
On 30 September 2016, Jacaranda Ltd issued a prospectus calling for applications for 600 000 ordinary shares at an issue price of $3, payable $1.50 on application and $1.50 on all…
On 31 October, Lector Limited agreed to acquire Hannibal Limited for $400,000 wh
On 31 October, Lector Limited agreed to acquire Hannibal Limited for $400,000 which is to be settled by: (a) 250,000 fully paid ordinary shares in Lector Limited at $1.00 per shar…
On 31st March, 2008, the Cash Book of Mr. David showed anOverdraft Balance of Rs
On 31st March, 2008, the Cash Book of Mr. David showed anOverdraft Balance of Rs. 19,000. This balance did not agree with the balance asper Pass Book. The following discrepancies …
On 4 November 2016 the 2015 Paris Climate Change Agreement will enter into force
On 4 November 2016 the 2015 Paris Climate Change Agreement will enter into force as agreed to at the 2015 United Nations Framework Convention on Climate Change. It can be challeng…
On 5/1/14 Lavender Construction Co. entered into a fixed-price contract to const
On 5/1/14 Lavender Construction Co. entered into a fixed-price contract to construct an apartment building for $3,000,000. Lavender appropriately accounts for this contract under …
On 6/1/14, you closed on a mortgage for the purchase of a new home. It’s a $250,
On 6/1/14, you closed on a mortgage for the purchase of a new home. It’s a $250,000 mortgage payable over 30 years at 4% interest, collateralized by your new home.Payments of prin…
On 6/12/16 Roscoe Corp. had a warehouse burn to the ground. The original cost of
On 6/12/16 Roscoe Corp. had a warehouse burn to the ground. The original cost of the warehouse was $850,000 on 2/18/2015. The company assigns a 25-year life to all buildings and u…
On 7/1/16, ABC purchased 4,000 shares of its own stock from existing stockholder
On 7/1/16, ABC purchased 4,000 shares of its own stock from existing stockholders as treasury stock. The cost of the treasury stock was $5 per share, or $20,000 in total. The effe…
On 7/1/16, ABC sold 10% bonds having a maturity value of $700,000 for $756,773.5
On 7/1/16, ABC sold 10% bonds having a maturity value of $700,000 for $756,773.50, resulting in an effective yield of 8%. The bonds are dated 7/1/16, and mature 7/1/21. Interest i…
On 8-1-X1 we bought a truck for company use. The truck cost $195,000. We estimat
On 8-1-X1 we bought a truck for company use. The truck cost $195,000. We estimated that the truck would have a 5 year life, last 190,000 miles and have a $15,000 trade in value at…