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Hogan Corporation issued a 5 percent stock dividend on 20,000 shares of its $10 par common stock. At the time of the dividend, the market value of the stock was $15 per share.
Required:
a. Compute the amount of the stock dividend.
b. Show the effects of the stock dividend on the financial statements using a horizontal statements model like the following one:
c. Prepare the journal entry to record the stock dividend.
Prepare a statement of cash flows for the year ended December 31, 2012, using the indirect method.
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Godert pharmaceutical company has many scientists working in the labs trying to develop anti-aging drug. The cost of this research and development should be.
On January 1, 2009, the balance in Great Lakes Co.'s Allowance for Bad Debts account was $5,200. During the year, a total of $3,500 of delinquent accounts receivable were written off as bad debts. The balance in the Allowance for Bad Debts account..
comanic corp. has common stock of 5400000 retained earnings of 2000000 unrealized gains on trading securities of 100000
sales for the year were 600.000. accounts receivable were 100.000 and 80.000 at the beginning and end of the year.
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Record transactions and calculate financial statement amounts.
a company purchased an oil well for 25 million with a residual value of 500000. it is estimated that 10 million barrels
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