Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package

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Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package 11th Edition Solutions Manual

(Accounting)
Edition: 11th Edition

Author: Crazy for study

ISBN: 9780134078946
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Sample questions asked in the 11th edition of Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText -- Access Card Package: Organizing a corporation and issuing stock John and Michael are opening a paint store. There are no competing paint stores in the area. They must decide how to organize the business. They anticipate profits of $100,000 the first year, with the ability to sell franchises in the future. Although they have enough to start the business now as a partnership, cash flow will be an issue as they grow. They feel the corporate form of operation will be best for the long term. They seek your advice. Requirements 1. What is the main advantage they gain by selecting a corporate form of business now? 2. Would you recommend they initially issue preferred or common stock? Why? 3. If they decide to issue $10 par common stock and anticipate an initial market price of $40 per share, how many shares will they need to issue to raise $2,250,000?Sample questions asked in the 11th edition of Horngren's Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText -- Access Card Package:

Organizing a corporation and issuing stock John and Michael are opening a paint store. There are no competing paint stores in the area. They must decide how to organize the business. They anticipate profits of $100,000 the first year, with the ability to sell franchises in the future. Although they have enough to start the business now as a partnership, cash flow will be an issue as they grow. They feel the corporate form of operation will be best for the long term. They seek your advice. Requirements 1. What is the main advantage they gain by selecting a corporate form of business now? 2. Would you recommend they initially issue preferred or common stock? Why? 3. If they decide to issue $10 par common stock and anticipate an initial market price of $40 per share, how many shares will they need to issue to raise $2,250,000?
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    Rated 4 out of 5

    Leo Ro

    I have read their books earlier and this new edition Horngren`s Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText, Access Card Package 11th Edition Solutions Manual helped me in providing textbook solutions. I prefer to avail their services always as they are consistent with their quality.

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