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Indicate whether the following increase, decrease, or have no effect on retained earnings:
(a) Declared cash dividend.(b) Declared stock dividend.(c) Recorded prior period adjustment (gain).(d) Revalued plant assets downward.(e) Eliminated a deficit via a quasi-reorganization.(f) Declared a scrip dividend.(g) Split the stock 2 : 1.(h) Recorded a net loss.(i) Appropriated retained earnings for plant expansion.(j) Eliminated an appropriation.
Purchased merchandise from Mable Co., $17,500, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $300 was added to the invoice.
If the contract is obtained, it is anticipated that the additional activity will not interfere with normal production during April or increase the selling or administrative expenses.
A financial manager is planning two projects, A and project B. A is expected to add $2 million to profits this year while B is expected to add $1 million to profits this year.
Compute for the company's break-even point in unit sales using the equation method.
Calculate the total dollar amount of discount or premium amortization during the first year (5/1/10 through 4/30/11) these bonds were outstanding. (Show computations and round to the nearest dollar.)
Discuss the main accounting conventions and concepts.
At the end of the year, Marianne's share of partnership liabilities decreased by $30,000. Assuming loss limitation rules do not apply, Marianne's basis in the partnership interest at the end of the year is:
what are your companys policies regarding the use of company data? what are the consequences of noncompliance with your
the executive officers of rouse corporation have a performance-based compensation plan. the performance criteria of
which of the following represents a point of disagreement between deming and juran?upper management requires training
1. briefly explain the purpose of the disclosure note on significant accounting policies. provide two examples of what
During the current year, Hugo sells equipment for $150,000, which it placed in service in 2009. The equipment cost $175,000, and $55,000 of depreciation deductions was allowed. The results of the sale are
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