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Problem 1: The firm's 2011 Retained Earnings account was $200,000. Their 2012 Retained Earnings was $250,000. They had Revenue of $150,000; General Expenses of $35,000; and Interest Expense of $15,000. They are in the 34% tax bracket. Determine if the firm paid dividends and if so how much.
Option 1: The firm did not pay dividends
Option 2: The firm paid dividends in the amount of $16,000
Option 3: The firm paid dividends in the amount of $25,900
Option 4: there is not enough information to determine if the firm paid dividends
Compute the amount of pension expense to be reported for 2013 and prepare the journal entry to record pension expense and the employer's contribution for 2013.
Compute the gross margin ratio (both with and without services revenues) and net profit margin ratio and compare the current ratio and acid-test ratio.
Find What is the amount reported in Crimson's 2017 statement of changes in equity as an adjustment to beginning retained earnings of 2016
Approximately 7.5% of the $175,000 of accounts receivable were estimated to be uncollectible. What adjusting entry would be made December 31, 2014?
What was the average price paid per share in mutual funds? How much has Sarah invested in mutual funds?
Dirk transferred depreciable property to the Frank Partnership for a one-half interest in the partnership. The property had an adjusted basis of $42,000 and a FMV of $56,000. The property was subject to a $14,000 mortgage, which was assumed by the pa..
Mack is given terms of 3/15 n/30, and he pays by day 15. How much will he pay the manufacturer for the order of 110 bikes if his price per bike is $390.93?
Short summary (approximately a page) of financial statement notes for both Burger King & Tim Horton's. Summary of the results of the financial ratios for both companies.
Mitch is currently considering investing in municipal bonds that earn 8.40 percent interest, or in taxablebonds issued by the coca cola company that pay 11.2 percent. At what tax rate would he be indifferent between the bonds?
Prepare and post the closing entries for May, 2014. Start with Page 4 of the General Journal for the closing entries. Prepare a post-closing trial balance as of May 31, 2014, for Bill's Lawn Care.
ABC Manufacturing Corp, What additional information might you seek? What would US GAAP require you to report or disclose in your quarterly 10Q?
How much will the preferred stockholders receive? Dividends have been paid in every year except the past two years and the current year.
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