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Questions -
Q1. Yuan Company declared share dividends of 20% on its 200,000 issued and outstanding ordinary shares with a par value of $50 per share. At the time of declaration, the market value of ordinary shares was $80 per share and $100 per share at the time shares were issued. A. Determine value charged to accumulated profits and losses account. B. Compute the amount which should be credited to the liability account.
Q2. On 1 January 2020, Xtreme Co. , whose shares are publicly traded, had 100,000 shares of ordinary shares issued and outstanding. On 1 April 2020, the company issued 10% share dividends. On 1 September 2020, additional 9,000 ordinary shares were issued for cash and on 1 November 2020, the shares were split on a 3-for-1 basis. What is the new number of shares issued and outstanding on 31 December 2020?
Calculate the current value of a share of Simtek stock to an investor who requires a 15 percent return on his or her investment.
On February 1, 2015, Pat Weaver Inc. (PWI) issued 8%, $1,800,000 bonds for $2,100,000. PWI retired all of these bonds on January 1, 2016, at 102. Unamortized bond premium on that date was $183,600. How much gain or loss should be recognized on this b..
Algorithmic the entire payroll is a subject to social security and medicare taxes.
Inadequate segregation of duties in accounts payable
Give the entry(ies) on March 1, 2020 to record the credit sales of the computer and the service maintenance and of the warranty liability.
How much must each of four partners report income on his income tax return? Prepare Statement of Partner's Equity for current year ended Dec 31, 2019?
What was Bala Industries' Cash Flow from Financing for the year ending 6/30/2011? Purchased property & equipment $25. Depreciation & amortization $115
In the current year, How much income must Don report for the tax year, and what is his basis in his partnership interest at the end of the year?
Financial Assets (profit of P2,000,000 recognized in equity), What amount of the impairment loss is allocated to the property, plant, and equipment?
Prepare the journal entry to record the sale of the patent on June 30, 2018. Show the journal entry to record amortization of the patent for 2016
For each transaction, determine whether the account ament in parentheses is to be debited or credited
What is the MIRR of a project if the initial costs are $2,016,800 and the project life is estimated as 6 years? The project will produce the same after-tax cash
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