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Capital Consulting Company had 400,000 shares of common stock outstanding on January 1, 2012. On that date, there were also 5,000 shares of $100 par, 6% noncumulative preferred stock outstanding. On March 1, 2013, the company's common stock split 3-for-1. On December 15, 2013, a preferred dividend was declared and paid in the amount of $25,000. Net income for 2013 was $3,000,000.
Required:
Compute basic earning per share rounded to 2 decimal places for the year ended Dec 31 2013
Davis Hardware Company uses a periodic inventory system. How should Davis record the sale of inventory costing $620 for $960 on account?
Illustrate what is the normal journal entry for recording bad expense under the allowance method? a)Debit allowance for doubtful accounts, credit accounts receivable.
Purpose bank reconciliation. Use a format like the one shown on page 370, Illustration 8-12. For the Conference, you should show the adjusted cash balance,
Why do diminishing returns occur? D. Identify the production levels where increasing and negative returns occur, if any.
Determine the amount of revenue, cost, and gross profit or loss to be recognized in each of the three years under IFRS, assuming that using the percentage-of-completion method is not appropriate.
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Under a modified wage plan, an employee earns $1.50 for each finished unit and is guaranteed $18 per hour as a minimum wage. If the daily quota is 96 units, on a particular day when an employee completes 90 units and works 8 hours, the amount of the ..
calculation of no. of days in conversion cycle.primrose corp has 15 million of sales 2 million of inventories 3
Journalize the transactions - Post to the ledger accounts
Cash received from a customer on account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750.
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