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I need help with answering the following questions: Question 1.) Company A purchases 1,000 shares of Company B common stock for $100,000 cash. At the

I need help with answering the following questions:

Question 1.)

Company A purchases 1,000 shares of Company B common stock for $100,000 cash. At the end of the fiscal year the market value of the stock is $110,000. Complete the journal entry to record the market value adjustment.

Question 2.)

Company A purchased 5,000 shares of Company B common stock for $250,000. Company A later sold the stock for $271,000. Complete the journal entry to record this sale.

Question 3.)

Part 1 - Company A is incorporated in the United States. Company B is incorporated in Japan. Company A reports financial information in dollars. Company A sells merchandise to Company B for $1,000,000 yen. The sale takes place on January 1, 2004. At that date the exchange rate $.0091. Complete the journal entry to record this sale.

Part 2 - On January 15, 2004, Company B pays for the merchandise. On this date the exchange rate is $.0093. Complete the journal entry to record the receipt of payment.

Question 4.)

A company has $1,000,000 in current assets and $500,000 in current liabilities. Calculate the current ratio.

Question 5.)

A company has the net income of $145,000 and net sales of $549,000. Calculate the profit margin.

Question 6.)

A company has net sales of $340,000. Assets at the beginning of the year were $281,000, and $275,000 at the end of the year. Calculate the total asset turnover.

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