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Question: On January 1, Guillen Corporation had 93,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 24,500 additional shares of common stock for $16 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 3,000 additional shares of common stock for $18 per share. 15 Declared a cash dividend on outstanding shares of $3.40 per share to stockholders of record on December 31.
(a) Prepare the entries to record these transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Blue should have taken $455 and $3,636 cost recovery in2006 and 2007. On January 1, 2008, the asset was sold for $98,000. Calculate the gain or loss on the sale of the asset in2008.
Round all divisions to two decimal places and use the rounded amounts in subsequent computations
Create a Google (gmail) account if you don't already have one. Log onto your gmail account.
write down a 750- to 1050-word paper in apa format comprising citations and references summarizing your ideas about
please write an essay about the Pregnancy Discrimination at work. You need to have a thesis that clearly says what you want to happen
Identify the limitations of the internal control system. Provide at least 3 limitations. Provide at least 2 examples of internal control procedures, and explain how these procedures can be implemented.
x.hmld like to compare answers with someone else as i dont know if i understand a lot of this accounting stuff i only
Your recommendation for any company who processes the ordering technology relates to Accounting Information System. Specifically discuss internal controls.
Your company needs to purchase a new track hoe and has narrowed the selection to two pieces of equipment. The first track hoe costs $100,000.
Prepare the journal entries to record the depot and theasset retirement obligation for the depot on January 1, 2007. Basedon an effective interest rate of 6%, the present value of the asset retirement obligation on January 1, 2007, is $41,879.
Gallow's reported net income was $204,000, and Race's net income was $806,000. Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?
What conditions must exist for the retail inventory method to provide valid results?
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