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When stock is issued for legal services, the transaction is recorded by debiting Organization Expense for the
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Asked 2/11/2013 6:39:25 PM
Updated 8/2/2015 12:34:51 AM
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Flagged by jeifunk [8/2/2015 12:34:51 AM]
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User: When stock is issued for legal services, the transaction is recorded by debiting Organization Expense for the

Question
Asked 2/11/2013 6:39:25 PM
Updated 8/2/2015 12:34:51 AM
1 Answer/Comment
Flagged by jeifunk [8/2/2015 12:34:51 AM]
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When stock is issued for legal services, the transaction is recorded by debiting Organization Expense for the Fair Market Value.
Added 8/2/2015 12:34:50 AM
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In performing a vertical analysis, the base for sales revenues on the income statement is
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Updated 11/26/2015 5:42:50 PM
1 Answer/Comment
In performing a vertical analysis, the base for sales revenues on the income statement is net sales.
Added 11/26/2015 12:59:43 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [11/26/2015 5:42:42 PM]
When preferred stock is cumulative, preferred dividends not declared in a period are
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Updated 10/24/2018 1:35:14 AM
1 Answer/Comment
When preferred stock is cumulative, preferred dividends not declared in a period are called dividends in arrears.
Added 10/24/2018 12:28:36 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [10/24/2018 1:35:15 AM]
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