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Question - A firm has $300 million of assets that includes $40 million of cash and 8 Million shares outstanding. The firm uses $30 million of its cash to pay dividends. If an investor has 1000 shares, how many shares must he sell to create a homemade dividend of $6575?
a. 67
b. 100
c. 84
d. 117
Paid-in Capital in Excess of Par Value $20,000; Retained Earnings $45,000; and Treasury Stock-Common, 500 shares, $11,000. Prepare the stockholders' equity section of the balance sheet.
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On January 1, 2016, The machine is being depreciated on a straight-line basis. What is Accumulated Depreciation on December 31, 2017?
Steiner recliner purchased a delivery truck at the beginning of 2008. The truck cost $17,500 and is expected to last 5 years. Assume the truck has a salvage value of $1,000. Calculate the trucks depreciation using the double declining balance.
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Complete the air waybill strictly based on the instructions contained in the letter of credit. Shipment: 51 cartons of barbeque parts.
The current and new equipment will last for 6 years. If X Company replaces the current equipment, what is the approximate internal rate of return
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