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Problem 1: Your organization currently has a defined contribution pension plan with employees contributing up to 3% with a company match. Effective with the first pay of the new year, new employees will no longer be enrolled in that plan. Instead, they will be enrolled in the new Group Registered Retirement Savings Plan (RRSP) with the same contribution options. In your own words, explain the difference in the T4 information slip reporting for these two groups of employees.
Prepare balance sheet - Fireflies began retail operations on Jan 1 2010 on that date it Issued 10,000 shares of $1 par value common stock for $50,000
Make the general journal entry to record the employer's contributions to the employees' superannuation fund at the rate of 12% of gross payroll
Price and usage variances provide additional insight about the:
Also assume that Daniella's portfolio will consistently grow at rate of 6% per year. What amount of money would be paid out to Daniella in Year 2
Coastal Property Restoration (CPR) periodically purchased used restaurant equipment from Famous Subs and Pizza Company. CPR refurbishes and sells restaurant equipment to small restaurants. In December 2014, CPR purchased five used pizza ovens for $50..
The Czinner Corporation issues 200 shares of $100 par preferred stock for $115 on subscription. Onehalf of the selling price is payable upon subscription while the other half is payable in two equal installments. Prepare all necessary journal ent..
If Jones declares a 20% stock dividend on its common stock will win the market value is $35 per share, for what amount will Additional paid-in capital be record
List long-term liabilities associated with this transaction. Lota Inc, an electronics retailer, just finished its first year of operations and is in the process
Determine how Target got its initial financial start in terms of debt (liabilities) or equity (capital). Support your response. Review Target’s dividend policy and its history. Based on the information, discuss the trends over the past year.
Y has an expected return of 21 percent and a beta of 1.4, and the risk-free rate is 7 percent, how much money will you invest in Stock Y?
Youngblood Inc. plans to issue $500,000 face value bonds with a stated interest rate of 8%. How much cash interest will be paid every six months
Assume that Culver Co. paid the balance due to Sage Hill Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
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