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The stockholders' equity of Innovative Fitness Products Inc. at December 31, 2013 appears below:
Common stock, $8 par value, 200,000 shares authorized, 120,000 shares issued and outstanding $1,320,000 Paid in capital in excess of par value 500,000 Retained earnings 740,000 During 2014, the following transactions occurred: June 15: Declared a 10% common stock dividend when market value was $15 per share June 30: Issued the stock dividend declared on June 15. December 10: Declared a cash dividend of $1.50 per share to be paid in January 2015. December 31: Recognized net income of $ 376,000. Compute the year-end balance of the retained earnings for 2014.
Prepare the necessary entry if the holder exercises this option - the holder allows the option to expire.
multi-part 15-4the a. j. croft company currently has 200000 market value of perpetual debt outstanding carrying a
1 your accounting supervisor has instructed you to verify the accuracy of the day s bank credit card sales and then
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the lower of cost or market lcm rule is used in the valuation of inventories. the lcm rule explains that if the
(1) Journalize the two adjusting entries required to bring the accounts affected by the taxes up to date as of July 31. (2) What is the amount of tax expense for July?
Prepare a written memo to Baku and Hanson describing the advantages and disadvantages of each organizational form. Also, from the limited information provided, recommend the organizational form you think they should use.
ten years ago treece manufacturing bought equipment for their copperbronze division at their production facility. they
What are some differences between internal and external auditors? And in your organization who audits your financial's statements? Or a company you are familiar with? Are you involved in either type of audit process?
under the indirect method of determining net cash provided by operating activities on the statement of cash flows which
waterford industries is ocnsidering the purchsase of a new machine. it will replace an existing but obsolete machine
1- Prepare a retained earnings statement for the month ended November 30, 2014?
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