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Question - The Common Stock account for Baltimore Corporation on January 1, 2018 was $55,000. On July 1, 2018 Baltimore issued an additional 8,000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $116,500. Use this information to find for December 31, 2018 the amount of Earnings per Share (rounded to the nearest cent).
Beta Corp. purchased two rental properties in 2006. Building X cost $40,000; building Y cost $200,000. The buildings earned the following income or loss during fiscal 2006. The CCA rate is 4%.
You were asked to cater a buffet for 70 people at $18 per person. Your variable costs average 68%, and fixed costs are $100 per day
A stock dividend of 100% is declared and issued at the fair value of the shares. Prepare the appropriate journal entries
initially purchase ppe for 140.useful life is 3 years and salvage value is 50. it is depreciated on a straight-line
Prepare a statement of revenues, expenditures, and changes in fund balance for the year ended April
The term of the non-cancelable lease is 3 years with no renewal or bargain purchase option. Prepare DU Journeys' journal entries for 2016, 2017, and 2018
Beginning with a corrected income from continuing operations before income tax, provide the rest of the balance sheet, ending with the net income of the firm
Cash received from a customer on account was debited for $780, and Accounts Receivable was credited for the same amount. The actual collection was for $870.
What is the direct materials (a) price variance, (b) quantity variance, (c) cost variance, (d) variance per pound
A company enters into a contract to sell 70 products to a customer for $80 each. After the company transfers 30 of the 70 products, the customer order.
Use the information in RE21-6. However, assume that there is no bargain purchase option and that Montevallo guarantees the $20,000 estimated residual value at the end of the 10-year lease. Calculate the present value of the minimum lease payments.
Assuming that the preferred dividends have NOT been paid since 2019, the total amount of the dividend paid to the preferred shareholders in 2021 would be
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