In March, Stinson Company completes Jobs 10 and 11.
Job 10 cost $21,400 and Job 11 $35,000.
On March 31, Job 10 is sold to the customer for $38,000 in cash.
Journalize the entries for the completion of the two jobs and the sale of Job 10.

Date Account Titles and Explanation Debit Credit

Mar. 31

(To record the completion of the two jobs)

31

(To record the sale Job 10)

31

(To record the cost of the job sold)

Which feature is a characteristic of a corporation?

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline. b. taxable income will decline. c. the tax bill will increase. d. net income will decrease. e. the times-interest-earned ratio will decrease