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Gru-Mart Ltd. has 2,000,000 Common shares, issued and outstanding. They also have 200,000 $1 Preferred shares that are cumulative.
They have not paid dividends in 2018 and 2019, but are ready to pay dividends in 2020, in the total amount of $2,900,000.
Problem 1: Calculate and show how much each type of share (per share and in total) will receive, and record the dividend declaration and payment as two journal entries on December 15, 2020
A company reports the following: Cost of goods sold $500,000. Determine the number of days' sales in inventory. Round to one decimal place
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abccompany employs a periodic inventory system and sells its inventoryto customers for 25 per unit. abc company had the
What amount should be recognized as share premium on December 31, 2020 if the supplier has chosen the share alternative
While the operating budget process is underway in June, the capital budget process must also begin. Describe what should be happening in the capital budget.
Compute the payback period for the machine and compute the simple rate of return for the machine -
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