On July 1, 2014, Allied Materi

On July 1, 2014, Allied Material Company adopted a stock option plan that granted options to key executives to purchase ...
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On December 1, 2014, Universal

On December 1, 2014, Universal Coat Company sold 10,000 of its 10%, 15-year, $1,000 face value, nonconvertible bonds with detachable ...
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MagTech Inc. requires funding

MagTech Inc. requires funding to build a new factory and has decided to raise the additional capital by issuing $850,000 ...
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The December 31, 2013, balance

The December 31, 2013, of West Word Corp. is as follows.On April 15, 2014, West Word Corp. called all of ...
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On July 1, 2013, when its $1 p

On July 1, 2013, when its $1 was selling for $66 per share, Indy Hotels Corp. issued $25,000,000 of 6% ...
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Telta Inc. issued $15,000,000

Telta Inc. issued $15,000,000 of 12%, 40-year convertible bonds on November 1, 2014, at 97 plus accrued interest. The bonds ...
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Kirk and Kirk, Ltd. began oper

Kirk and Kirk, Ltd. began operations in July 2013 and reported the following results for each of its first 3 ...
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DHR Holding’s accounting recor

DHR Holding’s accounting records show the following balances on December 31, 2014.12% Preferred stock—$100 par value, outstanding 20,000 shares ...$2,000,000Common ...
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Focus Foot Company reported th

Focus Foot Company reported the following amounts in the stockholders’ equity section of its December 31, 2013, balance sheet.Preferred stock, ...
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Theobald Ltd. has an internal

Theobald Ltd. has an internal audit department that primarily focuses on audits of the efficiency and effectiveness of its production ...
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The following are selected tra

The following are selected transactions that may affect stockholders€™ equity.1. Paid the cash declared in a prior year.2. Recorded a ...
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Featherbed Surf & Leisure Holi

Featherbed Surf & Leisure Holidays Ltd. (Featherbed) is a resort company based on Vancouver Island. Its operations include boating, surfing, ...
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Godwin, Key & Associates is a

Godwin, Key & Associates is a small but rapidly growing audit firm. Their success is largely due to the growth ...
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One way of getting accounting

One way of getting accounting expertise onto audit committees is to recruit ex-audit firm partners and/or employees onto the board ...
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Fellowes and Associates Charte

Fellowes and Associates Chartered Accountants is a successful mid-tier accounting firm with a large range of clients across Canada. During ...
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