Browse M

Marigold Company’s record of transactions concerning part X for the month of Apr

Marigold Company’s record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 310 @ $6.20 April 5 510 4 610 @ 6.32 1…

Marigold Corp. began operations on April 1 by issuing 51,700 shares of $8 par va

Marigold Corp. began operations on April 1 by issuing 51,700 shares of $8 par value common stock for cash at $14 per share. In addition, Marigold issued 1,800 shares of $1 par val…

Marigold Corp. had 2,060 units of part M.O. on hand May 1, 2017, costing $33 eac

Marigold Corp. had 2,060 units of part M.O. on hand May 1, 2017, costing $33 each. Purchases of part M.O. during May were as follows. Units Units Cost A physical count on May 31, …

Marigold Corp. had the following transactions. 1. Sold land (cost $8,000) for $1

Marigold Corp. had the following transactions. 1. Sold land (cost $8,000) for $10,000. 2. Issued common stock at par for $21,700. 3. Recorded depreciation on buildings for $15,800…

Marigold Corp. has 79,000 shares of common stock outstanding. It declares a $1 p

Marigold Corp. has 79,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid …

Marigold Corp. is a private camping ground near the Mount Miguel Recreation Area

Marigold Corp. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017 Service revenue (from…

Marigold Corp. makes and sells umbrellas. The company is in the process of prepa

Marigold Corp. makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following bud…

Marigold Corp. provides financial consulting and has collected the following dat

Marigold Corp. provides financial consulting and has collected the following data for the next year’s budgeted activity for a lead consultant. A consulting job takes 20 hours of c…

Marigold Corp. receives a $9300, 3-month, 8% promissory note from Blossom Compan

Marigold Corp. receives a $9300, 3-month, 8% promissory note from Blossom Company in settlement of an open accounts receivable. What entry will Marigold Corp. make upon receiving …

Marigold Corp. reported net income of $192,120 for 2017. Marigold Corp. also rep

Marigold Corp. reported net income of $192,120 for 2017. Marigold Corp. also reported depreciation expense of $35,680 and a loss of $5,290 on the disposal of plant assets. The com…

Marigold Corporation enters into a 7-year lease of equipment on December 31, 201

Marigold Corporation enters into a 7-year lease of equipment on December 31, 2016, which requires 7 annual payments of $37,500 each, beginning December 31, 2016. In addition, Mari…

Marigold Corporation had the following tax information. Year Taxable Income Tax

Marigold Corporation had the following tax information. Year Taxable Income Tax Rate Taxes Paid In 2018, Marigold suffered a net operating loss of $476,000, which it elected to ca…

Marigold Corporation has outstanding 385,000 shares of $10 par value common stoc

Marigold Corporation has outstanding 385,000 shares of $10 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $70 per share.…

Marigold Corporation sells computers under a 2-year warranty contract that requi

Marigold Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 20…

Marigold Corporation, a Canadian-based international company that follows IFRS 9

Marigold Corporation, a Canadian-based international company that follows IFRS 9, has the following securities in its portfolio of investments acquired for trading purposes and ac…

Marigold Enterprises is authorized to issue 1,000,000 shares of $6 par value com

Marigold Enterprises is authorized to issue 1,000,000 shares of $6 par value common stock. Since incorporation, 550,000 shares have been issued. Currently, Marigold holds 40,000 o…

Marigold Inc. acquired 10% of the outstanding common shares of Gregson Inc. on D

Marigold Inc. acquired 10% of the outstanding common shares of Gregson Inc. on December 31, 2016. The purchase price was $999,600 for 47,600 shares, and is equal to 10% of Gregson…

Marigold Inc. has decided to raise additional capital by issuing $185,000 face v

Marigold Inc. has decided to raise additional capital by issuing $185,000 face value of bonds with a coupon rate of 10%. In discussions with investment bankers, it was determined …

Marigold Inc. took a physical inventory at the end of the year and determined th

Marigold Inc. took a physical inventory at the end of the year and determined that $837000 of goods were on hand. In addition, the following items were not included in the physica…

Marigold Leasing Company signs a lease agreement on January 1, 2017, to lease el

Marigold Leasing Company signs a lease agreement on January 1, 2017, to lease electronic equipment to Swifty Company. The term of the noncancelable lease is 2 years, and payments …

Marigold Services has provided the following information for use in determining

Marigold Services has provided the following information for use in determining its income tax obligations related to the year ended December 31, 2017 For the Year Ended December …

Marigold Skiffs manufactures three models of speedboats—Superior, Deluxe, and Ul

Marigold Skiffs manufactures three models of speedboats—Superior, Deluxe, and Ultra—which are sold through marine retail stores. Budgeted information for the coming year is as fol…

Marigold Tool Company’s December 31 year-end financial statements contained the

Marigold Tool Company’s December 31 year-end financial statements contained the following errors. December 31, 2017 December 31, 2018 An insurance premium of $67,200 was prepaid i…

Marigold Wings, Inc. manufactures airplanes for use in stunt shows. Marigold\'s

Marigold Wings, Inc. manufactures airplanes for use in stunt shows. Marigold's factory is highly automated, using the latest in robotic technology. To keep costs low, the company …

Marigold Wings, Inc. manufactures airplanes for use in stunt shows. Marigold\'s

Marigold Wings, Inc. manufactures airplanes for use in stunt shows. Marigold's factory is highly automated, using the latest in robotic technology. To keep costs low, the company …

Marigold\'s Market recorded the following events involving a recent purchase of

Marigold's Market recorded the following events involving a recent purchase of merchandise: Received goods for $46000, terms 1/10, n/30. Returned $800 of the shipment for credit. …

Marigold’s Hardware reported cost of goods sold as follows. 2018 2019 $ 23,500 $

Marigold’s Hardware reported cost of goods sold as follows. 2018 2019 $ 23,500 $ 30,500 154,500 185,500 178,000 216,000 30,500 38,500 $147,500 $177,500 Marigold’s made two errors:…

Marijuana Use During Pregnancy. To study the effects of marijuana use during pre

Marijuana Use During Pregnancy. To study the effects of marijuana use during pregnancy the birth weights of babies that were born to mothers who used marijuana during their pregna…

Marijuana Use During Pregnancy. To study the effects of marijuana use during pre

Marijuana Use During Pregnancy. To study the effects of marijuana use during pregnancy the birth weights of babies that were born to mothers who used marijuana during their pregna…

Marilee Jones, the former dean of admissions of the Massachusetts Institute of T

Marilee Jones, the former dean of admissions of the Massachusetts Institute of Technology (MIT), resigned after twenty-eight years as an administrator in the admissions office. Th…

Marilee Jones, the former dean of admissions of the Massachusetts Institute of T

Marilee Jones, the former dean of admissions of the Massachusetts Institute of Technology (MIT), resigned after twenty-eight years as an administrator in the admissions office. Th…

Marillion Company issued $900,000 of 10% bonds at 108. Interest is paid annually

Marillion Company issued $900,000 of 10% bonds at 108. Interest is paid annually and the effective interest method is used for amortization of any premium or discount. The bonds a…

Marilyn Davis, age 52, is the mother of three children: Judith, age 17, Michael,

Marilyn Davis, age 52, is the mother of three children: Judith, age 17, Michael, age 15, and Jenny, age 7. Her husband George is 56 and is presently unemployed. He has been withou…

Marilyn Ho borrowed $24,000 from Steward Financial Enterprises. She was required

Marilyn Ho borrowed $24,000 from Steward Financial Enterprises. She was required to make sixteen equal payments of principal. These were to be made annually with the first payment…

Marilyn Ho borrowed $24,000 from Steward Financial Enterprises. She was required

Marilyn Ho borrowed $24,000 from Steward Financial Enterprises. She was required to make sixteen equal payments of principal. These were to be made annually with the first payment…

Marilyn Miller opened a floral shop using $5,000 of her own cash savings and wit

Marilyn Miller opened a floral shop using $5,000 of her own cash savings and with $15,000 in cash borrowed from her parents. She signed a lease on a small store for one year, agre…

Marilyn is a 23-year-old M.B.A. student at the business school of a large Midwes

Marilyn is a 23-year-old M.B.A. student at the business school of a large Midwestern university. For years she has been frustrated and dissatisfied with her life. She has always d…

Marilyn takes Spot for a walk once around the block Spot walks in front of Maril

Marilyn takes Spot for a walk once around the block Spot walks in front of Marilyn. The block is a perfect square having sides of 115 m. The leash is horizontal. They each walk at…

Marilyn takes Spot for a walk once around the block Spot walks in front of Maril

Marilyn takes Spot for a walk once around the block Spot walks in front of Marilyn. The block is a perfect square having sides of 115 m. The leash is horizontal. They each walk at…

Marilyn, a business executive who lives and works in Cleveland, accepts a tempor

Marilyn, a business executive who lives and works in Cleveland, accepts a temporary out-of-town assignment in Atlanta for a period of ten months. Marilyn leaves her husband and ch…

Marilyn, a business executive who lives and works in Cleveland, accepts a tempor

Marilyn, a business executive who lives and works in Cleveland, accepts a temporary out-of-town assignment in Atlanta for a period of ten months. Marilyn leaves her husband and ch…

Marilyn, a business executive who lives and works in Cleveland, accepts a tempor

Marilyn, a business executive who lives and works in Cleveland, accepts a temporary out-of-town assignment in Atlanta for a period of ten months. Marilyn leaves her husband and ch…

Marin Company follows the practice of pricing its inventory at LCNRV, on an indi

Marin Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost per Unit Estimated Selling Price Cost to Complete and Sell Item No 1320 133…

Marin Company owes $208,000 plus $18,700 of accrued interest to Headland State B

Marin Company owes $208,000 plus $18,700 of accrued interest to Headland State Bank. The debt is a 10-year, 10% note. During 20L Marin's business deteriorated due to a faltering r…

Marin Company uses the Marin Company issued $588,000 of 10%, 20-year bonds on Ja

Marin Company uses the Marin Company issued $588,000 of 10%, 20-year bonds on January 1, 2017, at 102. Interest is payable semiannually on July 1 and January 1 effective-interest …

Marin Company, which began operations at the beginning of 2015, produces various

Marin Company, which began operations at the beginning of 2015, produces various products on a contract basis. Each contract generates a gross profit of $76,000. Some of Marin's c…

Marin Company, which began operations at the beginning of 2015, produces various

Marin Company, which began operations at the beginning of 2015, produces various products on a contract basis. Each contract generates a gross profit of $76,000. Some of Marin's c…

Marin Company’s net income for 2017 is $49,400. The only potentially dilutive se

Marin Company’s net income for 2017 is $49,400. The only potentially dilutive securities outstanding were 900 options issued during 2016, each exercisable for one share at $6. Non…

Marin Corp. had $100,000 of 7%, $20 par value preferred stock and 12,000 shares

Marin Corp. had $100,000 of 7%, $20 par value preferred stock and 12,000 shares of $25 par value common stock outstanding throughout 2017. Assuming that total dividends declared i…

Marin Corporation bought a machine on June 1, 2015, for $31,930, f.o.b. the plac

Marin Corporation bought a machine on June 1, 2015, for $31,930, f.o.b. the place of manufacture. Freight to the point where it was set up was $206, and $515 was expended to insta…