Critical Thinking - Critical Thinking 1 Critical Thinking...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Critical Thinking 1 Critical Thinking Stacy Adams Strayer University ACC557 Dr. A.D. Pennington, CPA January 10, 2010 Critical Thinking 2 Critical Thinking Mary and Jack Gray, local golf stars, opened the Chip-Shot Driving Range Company on March 1, 2008. They invested $25,000 cash and received common stock in exchange for their investment. A caddy shack was constructed for cash at a cost of $8,000, and $800 was spent on golf balls and golf clubs. The Grays leased five acres of land at a cost of $1,000 per month and paid the first month's rent. During the first month, advertising costs totaled $750, of which $150 paid the first month's rent....
View Full Document

This note was uploaded on 01/18/2011 for the course ACC 557 taught by Professor Mcfeds during the Spring '10 term at University of Phoenix.

Page1 / 2

Critical Thinking - Critical Thinking 1 Critical Thinking...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online