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Advantages of a corporation compared to a proprietorship include limited liability of stockholders and lower taxes. True False
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Updated 160 days ago|2/15/2014 4:17:38 AM
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Advantages of a corporation compared to a proprietorship include limited liability of stockholders and lower taxes.is False.
Added 160 days ago|2/15/2014 4:17:38 AM
Bannister Company reports $4,000,000 of common stock and $6,000,000 of additional paid-in capital on its year-end balance sheet. The number of common shares issued is 520,000 and there are 20,000 shares of stock in the treasury. The book value per share for Bannister Company is: $19.23. $20.00. $8.00. $12.00.
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Updated 276 days ago|10/22/2013 12:42:05 AM
1 Answer/Comment
Bannister Company reports $4,000,000 of common stock and $6,000,000 of additional paid-in capital on its year-end balance sheet. The number of common shares issued is 520,000 and there are 20,000 shares of stock in the treasury. The book value per share for Bannister Company is $20.00.
higheredbcs.wiley.com/legacy/college/weygandt/047031754X/...
Added 276 days ago|10/22/2013 12:42:05 AM
The entity whose stock is owned by a parent company is called the subsidiary company. True False
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Updated 6/26/2013 12:22:40 PM
1 Answer/Comment
The entity whose stock is owned by a parent company is called the subsidiary company. This is TRUE.
Added 6/26/2013 12:22:40 PM
On January 1 of the current year, Jackson Company purchased as a short-term investment, a $1,000, 8% bond, for $1,050. The bond pays interest semiannually on January 1 and July 1. Jackson Company has a December 31 fiscal year end. The bond is sold on October 1 for $1,100 plus accrued interest. Interest was not accrued since the last interest payment date. What entry will be made on the books of Jackson Company at the time the bond is sold? Debit to Cash, $1,070, credit to Debt Investments, ...
Weegy: The entry that will be made on the books of Jackson Company at the time the bond is sold are as follows: Debit to Cash, $1,120, credit to Debt Investments, $1,050, credit to Gain on Sale of Debt Investments, $50, and credit to Interest Revenue, [ $20. ] (More)
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Asked 6/26/2013 1:02:37 PM
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