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Exercise 14-1 On January 1, Guillen Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 Issued 23,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec. 1 Issued 1,500 additional shares of common stock for $19 per share. 15 Declared a cash dividend on outstanding shares of $2.90 per share to stockholders of record on December 31.
On January 1, 2013, Agronomist Inc. had a balance of $340,000 in the longer-term investments account. During 2012, Agronomist Inc. sold long-term investments for $115,000 cash, resulting in a $13,000 gain. On December 31, 2013, the long-term investme..
A lessee should classify a lease transaction as a capital lease if it is noncancelable and one or more of four classification criteria are met. Otherwise, it is an operating lease. What are these criteria?
Beeline Manufacturing produces two types of industrial ventilation machines: heavy-duty and standard. The assignment basis for overhead costs has always been direct labor hours. For 2013, Beeline compiled the following data for the two products
Which of the two options do you favor and why? Develop and explain your argument. Some financial instruments can have both debt and equity features
Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should beextended.
jodi horton president of the retailer crestline products has just approached the companys bank with a request for a
awtrey quilting company makes blankets that it markets through a variety of department stores. it makes the blankets in
Compute cost of goods sold for the year (assume no beginning inventories and no underapplied or overapplied overhead).
Compare and contrast the key responsibilities of certified management accountants and certified public accountants. Select the career path that you plan to pursue, and explain why you chose that path.
Rollins Publishing needs to decide what textbooks from the table at the top of the next column to publish. For each book, the maximum demand, fixed cost of publishing, variable cost, and selling price are procided.
what does this want me to do.specific identification assuming that the march 14 2012 sale was selected two fifths from
the paradise shoes company has estimated its weekly tvc function from data collected over the past several months as
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