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Frantic Fast Foods had earnings after taxes of 390000.00 in year 2009 with 300000.00 shares outstanding. On January 1, 2010 the firm issued 25000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 20 percent. Compute earnings per share for the year 2009
Purchased raw materials at a cost of $45,000 and general factory supplies at a cost of $13,000 on account (recorded materials and supplies in the materials account)
Albert purchased a tract of land for $140,000 in 2006 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000.
An unexpected cash windfall has prompted management to consider either a special dividend of $6.00 per share or a stock repurchase for cash. What is the total value of the unexpected cash windfall?
The directors declare a 10% stock dividend when the market value is $15. The reduction of retained earnings as a result of the declaration will be:
What is the amount of gain (loss) recognized by Rosa, Arvid, Pine, and Lodgepole on the organization?
What is the revenue recognition principle? What is the current environment regarding revenue recognition? Research a current company's financial statement that the SEC has present or past investigations on for revenue recognition practices of a co..
Stan and Susan, two calendar year taxpayers, are starting a new business to manufacture and sell digital circuits. They intend to incorporate the business with $600,000 of their own capital and $2 million of equity capital obtained from other inve..
Merchandise is sold for $3,600, terms FOB destination, 2/10, n/30, with prepaid freight costs of $150. If $500 of the merchandise is returned prior to payment and the invoice is paid within the discount period, the amount of the sales discount is ..
What are the equity method journal entries typically recorded by a parent company? Provide examples in your response.
Prepare a "target" diagram showing the list of steps your friend should follow.
One of your clients was to form a new business. He spoke to his lawyer and was advised to check with CPA to determine the business form of organization.
Prepare the July 31 journal entry for Red Brick Inc. capturing repayment of the entire note and interest.
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