​Recently, Hale Corporation announced the sale of 2.5 millio…

​Recently, Hale Corporation announced the sale of 2.5 million newly issued shares of its stock at a price of $21 per share. Hale sold the stock to an investment banker, who in turn sold it to individual and institutional investors. This is a primary market transaction.

Anadhi Company had accounts receivable of $750,000 and an al…

Anadhi Company had accounts receivable of $750,000 and an allowance for doubtful accounts of $21,500 just prior to writing off as worthless a customer’s $5,000 account receivable. What is the net realizable value of accounts receivable that Anadhi would report on its Balance Sheet before  the write off? Write the value in the box below. (Note: please do not include commas or dollar signs in your response)

XYZ Inc. uses LIFO. In its notes to financial statements, th…

XYZ Inc. uses LIFO. In its notes to financial statements, the company reported the following: LIFO reserve at the end of 2024 as $50,000. LIFO reserve at the end of 2023 as $30,000.   If the tax rate for XYZ Inc. was 21%, how much taxes have been saved or lost by the company by using LIFO during 2024? Specify whether saved or lost and the $ amount.