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Question - On Feb. 1, 2001, a company declared a 20% share dividend for shareholders on record on Feb. 10 and to be distributable on Feb. 29. There were 60,000 issued and 40,000 outstanding ordinary shares with $70 par value. The market price per share was $110 on Feb. 1, $ 115 on Feb. 10, and $ 120 on Feb. 29, 2001. How much is charged from retained earnings for the 20% share dividend?
A company is closing out the accounting period. The inventory balance at the beginning of the period was $222,750, and at the end of the period it was $215,600. Purchases of goods for resale during the period equaled $682,500. What was the cost of go..
How can the company reduce such problems? You are the Chief Executive of a large publicly listed company, and you are considering entering
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Laura’s Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $580,000 in December. Because Laura’s Dress Delivery is in the mail-order business, all sales are made on account. Determine the..
If you pay $7388.5 in interest on $705 000 principal for 9 months, what is the nominal annual rate? Define Unsecured Loan and Secured Loan with an example.
Gold prices increase as investors move money from stocks to gold. If CAPM is true, we would therefore expect the expected return to gold to be
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