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2 years ago

Compare and contrast different types of source documents

Business

1 answer:

suter [353]2 years ago

4 0

Answer:

Bank Statements.

Payroll Reports.

Invoices.

Leases & Contracts.

Check Registers.

Purchase Orders.

Deposit Slips – not included on a bank statement.

Check Copies – not included on a bank statement

Explanation:

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Alpha Company is looking at two different capital structures, one an all-equity firm and the other a levered firm with $4.6 m

Aleks [24]

Answer:

The break-even EBIT using EPS is $1,288,000.

Explanation:

the break-even EBIT using EPS is the EBIT that will brings EPS under two different capital structure equal.

Denot X is the EBIT.

* We have:

+ EPS in all-equity firm = X/460,000

+ EPS in levered firm = ( X - interest rate)/230,000 = ( X - 4,600,000 x 14%)/230,000 = (X - 644,000) / 230,000.

* We have the equation:

X/460,000 = (X-644,000)/230,000 <=> X/460,000 = 2.8 <=> X = $1,288,000.

So, the break-even EBIT using EPS is $1,288,000.

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3 years ago

At the beginning of the year (January 1), Buffalo Drilling has $12,000 of common stock outstanding and retained earnings of $7,1

Mrrafil [7]

Answer:

Statement of stockholders' equity

at the end of the year (December 31)

Common Stock Retained Earning Total

Opening Balance $12,000 $7,100 $19,100

Income for the year $7400 $7400

Dividend Paid ($2,100) ($2,100)

Common stock issuance $6,900 $6900

End of the year Balance $18,900 $12,400 $31300

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2 years ago

Grouper Corp. retires its $640000 face value bonds at 105 on January 1, following the payment of annual interest. The carrying v

AleksAgata [21]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $640,000

Premium on bonds payable A/c Dr $23,970

Loss on bonds redemption A/c $8,030

To Cash A/c $672,000 ($640,000 × 1.05)

(Being the redemption of bond is recorded and the remaining balance is debited to the Loss on bonds redemption account)

The Premium on bonds payable is computed below:

= Carrying value of the bonds - face value of the bond

= $663,970 - $640,000

= $23,970

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3 years ago

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Sladkaya [172]

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James hires Franco for a painting job. Their contract explicitly states that Franco's employment can be terminated if he is empl

den301095 [7]

Answer:

Condition subsequent.

Explanation:

This is rampant on agreement that deal with contracts as it is seen to be a situation that terminates a previously valid contract. Closely related legal concepts in cases of this kind are treated as conditions precedent and conditions concurrent. A condition subsequent in certain contracts are known to trigger the termination of the agreement of the said contract and also eliminates rights and obligations in the ends of the two parties. It is seen also in cases that when it occurs, it terminates any duty to perform and can also terminate rights and interests that were present under the terms of the contract.

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