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Accounting homework help

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a company reported the following stockholders equity on january 1 of the curent year:

a company reported the following stockholders equity on january 1 of the curent year:

common stock $10 par, 1,000,000 shares authorized, 400,000 shares issued $4,000,000. Contributed capital in excess of par, common 1,200,000. Retained earnings 1,600,000. total stockholders equity $6,800,000.

Prepare journal entries for the following transactions related to this company:

mar 1 purchased 10,000 shares of treasury stock for $17 per share

may 5 sold 4,000 shares of treasury stock for $16 per share

241 hw 2

Chapter 12

Question 1: Benskin Corporation’s capital structure consists of $600,000 of assets and $325,000 of liabilities.  The average interest rate on Benskin’s debt is 10% and the stockholders desire a 15% return.  What is Benskin’s cost of capital?

Question 2: A factory costs $400,000. You reckon that it will produce an inflow after operating costs of $100,000 in year 1, $200,000 in year 2, and $300,000 in year 3. The cost of capital is 12 percent. Calculate the NPV.

47. Determine the basis of stock in the hands

47. Determine the basis of stock in the hands of the shareholder in each of the following instances. Assume that the 80% rule is met in all cases.

a. Contribution of property with a basis of $ 1,000 and a FMV of $ 1,400.

b. Contribution of property with a basis of $ 3,000 and a FMV of $ 3,800. The stockholder also received $ 500 cash from the corporation as part of the stock transaction.

Please select 4 companies and summarize

Please select 4 companies and summarize the similarities and differences in reporting the financial performance and the report should be 4 pages.

The companies are Starbucks, Tim Hortons, McDonalds and KFC.

1.You are on the board of directors of a large German corporation.

1.You are on the board of directors of a large German corporation. You are in the years before 2008 when the SEC required all U.S.-listed companies to prepare reports using U.S. GAAP. For several years, the board has been discussing the possibility of listing the company’s shares on the New York Stock Exchange. The CEO has approached the SEC several times asking for permission to list in the United States without also being required to reconcile its reported income to U.S. GAAP. So far, the SEC has refused to compromise.

1. Please explain how an S Corporation is created.

1. Please explain how an S Corporation is created.

2. Please explain how Charitable Contributions made at the S-Corporation level are treated for tax purposes.

3. How are fringe benefits received by an S Corporation Shareholder treated for tax purposes?

4. Please explain "pass through" taxation.

Task 1: Assessing loan options for AirJet Best Parts, Inc. The company needs to finance $8,000,000 for a new factory in Mexico. The funds will be obtained through a commercial loan and by issuing corporate bonds. Here is some of the information regarding

Task 1: Assessing loan options for AirJet Best Parts, Inc. The company needs to finance $8,000,000 for a new factory in Mexico. The funds will be obtained through a commercial loan and by issuing corporate bonds. Here is some of the information regarding the APRs offered by two well-known commercial banks. Bank APR Number of Times Compounded National First Prime Rate + semiannually 6.75% Regions Best 13.17 Monthly

MicroImage Technology, Inc. produces miniature digital color cameras that can be attached to endoscopes and other medical devices.

MicroImage Technology, Inc. produces miniature digital color cameras that can be attached to endoscopes and other medical devices. The cameras sell for $215 per unit and are disposed of after each use.

M1 A4: Research Application Paper

In this assignment, you will use the Internet and other sources to gather and interpret information related to service and manufacturing organizations.

 

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