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Question - The balance in retained earnings at December 31, 2018 was K720,000 and at December 31, 2019 was K582,000. Net income for 2019 was K500,000. A share dividend was declared and distributed which increased share capital K200,000 and share premium K110,000. A cash dividend was declared and paid. Compute the amount of the cash dividend?
Explain the weakness and identify the control activity that is violated. The company accountant makes the bank deposit and then records the day's receipts.
The relevant costs for the year are as follows: machinery for $10,000, $800 shipping, $50 for delivery insurance, $500 for installation, $750 for sales tax, $150 for annual tune up, and $200 of property taxes (an annual tax on business property). ..
Joel is the sole shareholder of Manatee Corporation, a C corporation. What relevant tax issues will you discuss with Joel
The following items are reported on a company's balance sheet: Cash $200,000 and Inventory 100,000. Determine the current ratio
On April 22, a $0.36-per-share dividend was received on the Mid-Ex Company stock. Prepare the journal entries for the original purchase
shawn needs to record journal entries for various inventory purchases on account and subsequent payments. record the
Lisa had 190 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost
Breakeven Selling Price = $15, Variable Cost = 5, Fixed cost = (100,000 units) 4. What is break even in units? Please explain step by step
Direct material of 4.00 yards at $5.50 per yard. Direct labor of 2.50 hours at $16.00 per hour. Find the materials price variance
What did some reform-minded Catholics in Nicaragua hope that the pope might do during his visit to that country? What position did the pope eventually make clear to the Nicaraguan priests?
Use this information to prepare a Cash Budget for the months of May and June, using the template provided
During 2018, Alpha distributed $30,000 in dividends. Use this information to find for 2018 the dollar amount of dividends that will distributed per Common Share
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