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Stock Split and Stock Dividend
The common stock of Warner Inc. is currently selling at $115 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $8; book value is $74 per share, 5.83 million shares are issued and outstanding.Prepare the necessary journal entries assuming the following. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.
a. The board votes a 2-for-1 stock split.
b. The board votes a 100% stock dividend.
Would the use of accelerated depreciation in the financial statements be more conservative or less conservative than the current practice of using the straight- line method? Explain."
Scully Corporation's comparative balance sheets are presented - calculate the following ratios for 2008.
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prepare a cash budget and a schedulenbsp of expected cash collections for the data furnished below.nbspjodi horton
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Provide an example of a difference between for-profit and not-for-profit organization financial reports. Explain how these differences affect the comparability of financial reports.
Westerman Equipment Inc. manufactures and sells kitchen cooking products throughout the state-The company employs two salespersons.
Calculate Dahl's 20X6 consolidated net income and identify the amount attributable to Dahl's shareholders and to the non-controlling interest and prepare dated journal entries to record the transactions shown above.
Prepare all of Delta's journal entries for the above transactions. Delta uses a periodic inventory system and calculate Delta's net purchases
Advise FVS what income is derived and when and what tax consequences follow on default - What is the tax treatment of the trading stock the subject of a lay-by
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the number of shares outstanding?
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