The Krusty Krab Company the following equity transactions du…
The Krusty Krab Company the following equity transactions during the current year, its first year of operations. Please select the appropriate horizontal model entry from the drop down box (be sure to consider all previous information!): Issued 10,000 shares of $8 par value common stock for $20 per share. [IssueCommon] Issued 6,000 shares of 4% preferred stock with a par value of $30 for $40 per share. [IssuePref] Declared the annual dividend to preferred stockholders. [PrefDiv] Issued a 12% common stock dividend when the market price was $25 per share. [StockDiv] Repurchased 4,000 shares of its own common stock for $50 per share. [TreasStock] Resold 1,500 shares of previously purchased treasury stock at a current market price of $65 per share. [Reissued]
Read DetailsPizza Planet paid $1,000,000 to purchase three different ass…
Pizza Planet paid $1,000,000 to purchase three different assets that had appraised fair values as follows: Land: $350,000 Building: $700,000 Equipment: $450,000 The value of the Equipment that will be included on the year-end balance sheet is: Hint: Remember to determine the allocation rates based on fair values first!
Read DetailsGood Burger purchased a piece of equipment costing $70,000 o…
Good Burger purchased a piece of equipment costing $70,000 on January 1 of a prior year. Management estimated that it had a salvage value of $15,000 and a useful life of 5 years. If the Pub uses the Declining Balance method to depreciate its equipment, the amount of depreciation expense that would be reported in year 1 would be [exp1], and the net book value immediately after reporting this expense would be [NBV1]? Declining Balance Depreciation: 2 x Straight Line Rate x Net Book Value
Read DetailsThink about what you would do in this situation. You’re the…
Think about what you would do in this situation. You’re the leader of a team that includes a new employee. He has years of experience working in another hospital and knows more than the rest of the team about operating the new high-tech equipment just installed in your department. When you ask him to show his coworkers how to use the new equipment, he refuses by saying, “I wasn’t hired to be a teacher.” He mostly keeps to himself and doesn’t get along very well with other team members. You’re beginning to wonder which is more important: hard skills or soft skills?
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