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Question - Tandem Corporation issued 200,000 shares of $2 par value common stock at date of incorporation for cash at a price of $7per share. During the first year of operations, the company earned $80,000 and declared a dividend of $25,000. At the end of this first year of operations, the balance of the common stock account is:
A. 1,400,000
B. 1,480,000
C. 1,455,000
D. 400,000
Prepare in income statement for the company for the month - computer game retailer,
How much of the $180,000 is a dividend to Libby?
Milner Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 box tops from Milner Frosted Rakes boxes and $1.00.
the rate of inflation for the coming year is expected to be 3 percent and the rate of inflation in year 2 and
elise age 20 is a full time college student with earned income from wages of 4400 and interest income of 500. elises
Refer to RE23-2. Assume Heller Company had sales revenue of $510,000 in Year 1 and $650,000 in Year 2. Prepare the partial income statements
For each finding above, indicate internal control principle that CSC violated. For each finding above, provide an appropriate recommendation for CSC to correct the weakness.
Do you feel that the act is too restrictive and why?
You borrow $165,000 to buy a house. The mortgage rate is 7.5 percent and the loan period is 30 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay?
you wish to purchase a debenture bond worth with a face value of 10000. before you buy you want to know what your ror
How much goodwill impairment should Pritchett report for 2013?
the bl corporation started and completed 4800 units during february. bl started the month with 700 units in process and
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