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Problem - On October 31, the stockholders' equity section of Omar Company consists of common stock $300,000 and retained earnings $900,000. Omar is considering the following two courses of action: (1) declaring a 5% stock dividend on the 50,000, $6 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $3 per share. The current market price is $13 per share.
Complete the tabular summary of the effects of the alternative actions on the components of stockholders' equity and outstanding shares and per value per share, use the following column headings: before action, after stock dividend and after stock split.
Danielle Corporation is authorized to issue 100,000 shares of $5 stated value common stock and 2,000 shares of $100 par value
many organizations like to utilize teams andor groups in the decision-making process. analyze your project and decide
Sales in 2011 were $3,450,000 less sales discounts of $51,000. Give the adjusting entry for estimated Bad Debt Expense under each of the following independent assumptions.
In the final analysis, how much was the gain or loss experienced by Hurst in reacquiring its 8% bonds. Show calculations
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Peg sold a machine this year for $48,000. Peg purchased the same machine for $53,000 a couple years ago and claimed a total of $11,500 of depreciation expense on the machine. What's the amount and character of the gain or loss?
An increase in the market price of men's haircuts, from $15 per haircut to $25 per haircut, What is the short-run price elasticity supply
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lori who is single purchased five-year class property for 150000 and seven-year class property for 400000 on may 20
debbie company manufactures a product requiring 2 pounds of direct material. during 2009 debbie purchases 24000 pounds
A business is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $15 per unit. The unit cost for the business to make the part is $20, including fixed costs, and $12, not including fixed costs. If..
The following transactions and events occurred in East Fritzsch Township. Record these transactions in journal form.
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