To acquire Kinston Corporation stock, R. Neal pays $62,000 in cash, plus $1,200 brokers fees. What entry
Question:
To acquire Kinston Corporation stock, R. Neal pays $62,000 in cash, plus $1,200 broker’s fees. What entry should be made for this investment?
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Brokerage fees are part ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
What journal entry should be made when a job is completed and all costs have been accumulated on a job cost sheet?
-
What provisions should be made for dispute resolution?
-
Under GAAP, a journal entry should be made to the bad Debt Expense account: Multiple Choice When an account receivable with terms of 1/10, net 30 is past thirty days due. When an account receivable...
-
Anon Amus Inc. operates a woodworking shop that makes tables and chairs. He has 25 employees working 40 hours per week and he has 750 hours per week available in machine time. Ralph knows that he...
-
From the Information Please Almanac, we obtained the ages at inauguration for the first 44 presidents of the United States (from George Washington to Barack H. Obama). a. Identify the classes for...
-
The recent performance of U.S. equity markets has increased the popularity of dividend-paying stocks for some investors. Shown below are the diluted net earnings per common share and the dividends...
-
Read about the ZZZZ Best Carpet Cleaning fraud. What schemes did the fraudsters use?
-
Having rejected a tariff on textiles (a tax on imports), the president of Isoland is now considering the same-sized tax on textile consumption (including both imported and domestically produced...
-
9-11. YIELD TO MATURITY, CURRENT YIELD, CAPITAL GAINS YIELD Nestera Corporation has outstanding bonds with $1000 par value paying an 8% annual coupon with 10 years to maturity. The bond's price is...
-
Habib Manufacturing has five manufacturing departments and operating and cost information for the most recent two months of activity. Required Identify whether the cost in each department is fixed,...
-
Tino Martinez is confused about losses and gains on the sale of debt investments. Explain to Tino (a) How the gain or loss is computed, and (b) The statement presentation of the gains and losses.
-
(a). When should a long-term investment in common stock be accounted for by the equity method? (b). When is revenue recognized under this method?
-
Amazon.com, Inc.'s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. The complete annual reports of Amazon and Wal-Mart,...
-
Based on the topic below please provide the introduction and discussion in detail . Digital Marketing Before and after the Pandemic Introduction. Discussion Also provide a relevant topic related to...
-
A person exerts a 540 N force on the 80 kg block at an angle of 35 above the horizontal. The coefficient of friction is u = (0.3, 0.6). Make a complete model.
-
Using the topic of celebrities and influencers, provide a reflection of your understanding of the various marketing concepts as discussed in the unit BUS124 Global Marketing. Where applicable, your...
-
Hulu - Streaming Service. Hulu is not available in South Africa. A marketing plan for introducing Hulu to South Africa is an exciting exploration. The following is needed for a marketing plan to...
-
LA Gentry Can Company's (GCC) latest annual dividend of $1.40 a share was paid yesterday and maintained its historic 7 percent annual rate of growth. You plan to purchase the stock today because you...
-
At a point in a piece of material the intensity of resultant stress on a certain plane is \(50 \mathrm{Mpa}\) inclined at \(30^{\circ}\) to normal to that plane. The plane normal to this has a...
-
The Strahler Stream Order System ranks streams based on the number of tributaries that have merged. It is a top-down system where rivers of the first order are the headwaters (aka outermost...
-
Table 1 lists the population density (in people per square kilometer) as a function of distance r (in kilometers) from the center of a rural town. Estimate the total population within a 1.2-km radius...
-
Jane Fleming recently graduated from college with a degree in landscape architecture. Her father runs a tree, shrub, and perennial-flower nursery, and her brother has a business delivering topsoil,...
-
Jane Fleming recently graduated from college with a degree in landscape architecture. Her father runs a tree, shrub, and perennial-flower nursery, and her brother has a business delivering topsoil,...
-
Jumbo Airlines operates out of three main hub airports in the United States. Recently, Econo Airlines began operating a flight from Reno, Nevada, into Jumbos Metropolis hub for $190. Jumbo Airlines...
-
Accounting harmonisation involves: Select one: a. Increased lobbying on proposed accounting standards b. Convergence of practices c. Adoption of one set of standards across the globe without any...
-
All of these are characteristics of a leveraged buyout except- A. Issue AAA rated equity securities B. borrow money (use debt) C. Use target company's assets and cash flow as collateral D. Take the...
-
Chapter 10 Homework Match the following terms with their definitions (not every letter is used) 1. 2. 3. 4. 5. Outstanding stock Paid-in Capital Authorized stock Treasury stock Issued stock a. The...
Study smarter with the SolutionInn App