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Question - Imagine that Amazon has 10,000,000 shares authorized and 20,000 shares issued/outstanding at the beginning of March. During March, Amazon has the following transactions:
March 10th: Did a 2:1 stock split
March 15th: Repurchased 6,000 shares of common stock (These shares are now in treasury stock)
Required - How many shares outstanding does Amazon have at the end of March after all the transactions?
Considering what you have leaned about with the value chain for accounting. Describe the six elements of the value chain and how they can be used to control costs?
Peachtree automatically calculates financial statements once journal entries have been journalized and posted. In Chapter 7, you printed three financial statements. The statement of cash flow is roughly the same thing as a balance sheet.
Zaharul used funding from several different investors in order to start his Internet service. Why would complaints from customers be a fraud symptom.
Vickie Plato, accounting clerk in the personnel office of Streisand Corp., has begun to compute pension expense for 2016 but is not sure whether or not she should include the amortization of unrecognized gains/losses. She is currently working with th..
Define a scope limitation and distinguish between client-imposed and circumstance-imposed scope limitations. What reporting options are available to auditors when scope limitations are encountered during the engagement?
Aquired 70000 units share at RM12.50 per unit with transaction cost of RM9000. The shared were purchased for long term investment. Prepare the journal entry
Use the following information to estimate the value of an enterprise: Revenue = R1000m, EBIT = R120m, Net Income = R80m, Debt = R200m
On January 1, 2016, Ritter Company granted stock options to officers and key employees for the purchase of 15,000 shares of the company's $1 par common stock at $20 per share as additional compensation for services to be rendered over the next three ..
Firefall Company acquired equipment for use in operations at a cost of $340,000. Determine the annual depreciation expense in each year
Determine the cash coverage ratio for the Highway Corporation Evaluate the EBIT for the Highway Corporation?
How much money market fund income did the Mayfields earn during the year
Train, Inc. incurred a net operating loss of $600,000 in 2010. For 2008 and 2009 the combined income for those years amounted to $400,000. The tax rate for all years is 30%. Train elects the carryback option. Select the correct journal entries to rec..
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