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Question - At January 1, the beginning of the year, a company had 10,000 common shares outstanding. On February 19, the company issued 2,000 shares; and on September 9, the company declared and distributed a 10% stock dividend. At the end of the year, how many common shares are outstanding?
a. 11,000
b. 13,000
c. 13,200
d. 12,000
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 ..
effect of product versus period costs on financial statements hoen manufacturing company experienced the following
A partner owns a 50-percent interest in a partnership. Calculate the partner's distributive shares of partnership income or loss and separately stated items
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Draw T accounts where possible/relevant. Prepare J/E for each of the transactions. Transfer the J/E to ledger accounts (make up a simple Chart of Accounts and use the numbers in the ledger Accts and J/E).
hampton textile co. manufactures a variety of fabrics. all materials are introduced at the begining of production
Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable.
Describe the most significant of these assets and liabilities. Was the difference between carrying value and fair value significant, Explain
A firm's days of sales outstanding are 23.4, days of inventory on hand are 45.9, What is the firm's cash conversion cycle
Question - Journalize the following transactions for the scott company: Feb 2 Received the amount due from Tim's on his note (4 lines)
Why are asset and liability definitions important to the theoretical structure of accounting? Why are definitions important to policy setting bodies?
a manufacturing company produces a large variety of products within the butler family of products. they are produced in
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