Business, 25.12.2019 06:31 brainlord4209
Maltese is a privately-owned company. on september 3, maltese exchanged 2,000 shares of its private common stock for equipment. there is no readily available estimate of the stock's fair value. the equipment currently is selling for $80,000. the journal entry to record this transaction includes:
Answers: 2
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Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of
Answers: 3
Maltese is a privately-owned company. on september 3, maltese exchanged 2,000 shares of its private...
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