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Question: 1. Rick Co. had 33 million shares of $1 par common stock outstanding at January 1, 2016. In October, 2016, Rick Co.'s Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $56 per share. In recording this transaction, Rick would:
2. A company's defined benefit pension plan had a PBO of $268,000 on January 1, 2016. During 2016, pension benefits paid were $41,000. The discount rate for the plan for this year was 10%. Service cost for 2016 was $89,000. Plan assets (fair value) increased during the year by $47,000. The amount of the PBO at December 31, 2016, was?
One-year Treasury securities yield 5%. The market anticipates that 1 year from now, 1-year Treasury securities will yield 6%. If the pure expectations theory is correct, what is the yield today for 2-year Treasury securities?
The equity sections from Hovo Corporations 2013 and 2014 balance sheets follow.Stockholders Equity (December 31, 2013) Common stock,$ 20 par value, 30,000 shares authorized,
The FASB ASC is now the sole authoritative source for all U.S. GAAP. What are the major goals of the FASB ASC? What literature is now contained in the FASB ASC
a. What is the average manufacturing cost per unit? b. What is the amount of ending finished goods inventory? c. What is the amount of gross margin?
What is the minimum average transfer price at which the Division A manager would be willing to sell 1,927 engines to Division B
skagway co. has identified activity centers to which overhead cost are assigned. the cost pool amounts for these
What is the ending inventory under FIFO? Show computations and what is the cost of goods sold under LIFO? Show computations
What balance will be reported on the December 31, 2017 balance sheet for the patent (if necessary, round your answer to the nearest dollar)
For each of the following types of indirect expenses and service department expenses, identify one allocation basis that could be used to distribute.
donnelly corporation manufactures and sells t-shirts imprinted with college names and slogans. last year the shirts
david company uses the weighted-average method in its process costing system. the first processing department the
Explain what these costs are and give unique examples. Then determine which of these costs are controllable and how this fact can help management
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